Question

"The largest change is from zero to one." Does this statement have anything to do with relative growth rates in poorer versus richer countries?

Short answer

"The largest change is from zero to one." refers to the relative growth rates in poorer versus richer countries.

Step-by-step solution

Introduction

Rich nations individuals living in these nations approach the fundamental necessities like food, water, clothing, cover, disinfection, medical services, instruction, and so on. While individuals living in poor nations have no entrance even to the previously mentioned fundamental necessities. These nations are denied financial development.

Explanation

The rich nations have substantially more advantageous objectives like expanding the size of GDP, and dealing with the trade market, while the arrangements in unfortunate countries are concerned uniquely with the disposal of neediness and appetite. These countries have significantly more to accomplish when contrasted with their partner nations. The monetary development rates are extremely low in unfortunate countries when contrasted with rich nations as there are no framework, no gifted work, no admittance to essential necessities, and so forth.