Which of the following statements accurately describes catch-up growth? A. In one generation, Zimbabwe will be one of the middle-income countries since Zimbabwe’s GDP per person fell by 27% in the last couple of decades.
B. In one generation, Zimbabwe will be the world’s richest country since Zimbabwe’s GDP per person grew by 9% in the last couple of decades.
C. In one generation, China will be one of the richest countries in the world if China’s GDP per person continues to grow by 9% per year.
D. In one generation, even if China’s GDP per person declines by 9% per year, China will remain one of the richest countries in the world.