Rapid economic growth:
A) is a modern phenomenon, happening only in the last century or two.
B) has happened in various places around the world since the 1300s.
C) has occurred since 1500, but strong depressions since then have prevented real growth.
D) is a modern phenomenon, happening only in the past decade.
Correct Answer:
Verified
Q11: If a country grows at an average
Q12: We can roughly estimate how long it
Q13: In general, the number of years it
Q14: We can calculate how long it will
Q15: According to the rule of 70, a
Q17: In a given year, suppose the nominal
Q18: Real income per person stayed relatively steady:
A)
Q19: Economic growth means:
A) more goods and services
Q20: Total changes in GDP over time are:
A)
Q21: Suppose that a country has a GDP
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