Real income per person stayed relatively steady:
A) until the 1800s, when the Industrial Revolution caused it to grow.
B) until the 1500s, when the Renaissance caused it to grow.
C) until the 1990s, when wireless technology caused it to grow.
D) over the last three centuries.
Correct Answer:
Verified
Q13: In general, the number of years it
Q14: We can calculate how long it will
Q15: According to the rule of 70, a
Q16: Rapid economic growth:
A) is a modern phenomenon,
Q17: In a given year, suppose the nominal
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
Q22: The amount of physical capital in an
Q23: Suppose that a country has a nominal
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