Question

Read the following passage carefully and answer the questions given. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
Which of the following best describes 'catch up growth'?

• A. Emerging economies tried but failed to catch up with America which always grew at a higher growth rate.
• B. The size of emerging economies and their purchasing power has caught up with and now exceeds rich countries together.
• C. The growth of the American economy determines the growth of emerging economies.
• D. In the latter half of the 1990s some emerging economies outdid America in terms of output per person.
• E. None of the given statements describes catch up growth.

Answer 1

The correct option is D In the latter half of the 1990s some emerging economies outdid America in terms of output per person.

'Catch up growth' is described as 'in the latter half of 1990 some emerging economies outdid America in terms of output per person'.