Before the period of modern economic growth,
A) only civilizations such as the Roman Empire experienced economic growth.
B) rates of population growth virtually matched rates of output growth.
C) most economies realized high rates of growth in output per person.
D) output and population growth were stagnant.

Question

Quizplus · Accepted Answer

Before the period of modern economic growth, rates of population growth virtually matched rates of output growth, leading to little or no growth in output per person. This meant that while the total economic output and population might have grown, the standard of living, measured as output per person, remained relatively constant over long periods.

Before the Period of Modern Economic Growth