Which of the following has been observed in the developing countries during 1990-2016?

A. The East Asian countries like South Korea, Singapore, and Taiwan reported negative growth rates.
B. Countries like China and Vietnam reported positive but low growth rates.
C. Several of the countries in Eastern Europe and Central Asia that were making a transition from a centrally planned economy to a market-based economy reported a decline in the per capita income.
D. The dispersion in the growth rates of the developing countries has been negligible during 1990-2016.


Answer: C

Economics

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