Multiple Choice

An economic historian is comparing the long-run growth in average income for two countries, both of which exhibit a 'hockey stick' pattern. Country X's growth began gradually around 1650. Country Y's growth began much later, around 1870, but was characterized by an extremely sharp and rapid upward turn. What is the most logical inference that can be drawn from the sharpness of Country Y's economic takeoff compared to Country X's?

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Updated 2025-08-15

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