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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 7
Which of the following statements best captures the story of the world's economic growth?
A) Most of the world's wealthy economies have had slow and sustained growth for the last 1,000 years.
B) People in 1900 lived about the same as people in the year 1000.
C) Most of the world's economic growth has taken place in the past 300 years.
D) The world's most developed countries were fortunate to experience large spurts of growth that catapulted them to wealth.
A) Most of the world's wealthy economies have had slow and sustained growth for the last 1,000 years.
B) People in 1900 lived about the same as people in the year 1000.
C) Most of the world's economic growth has taken place in the past 300 years.
D) The world's most developed countries were fortunate to experience large spurts of growth that catapulted them to wealth.
Explanation
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Economic growth across the world started...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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