Which of the following stylised facts about economic growth is not valid?
A) Economic growth has been a continuous process spanning the past 2000 years.
B) The gap in living standards among the industrialised countries has narrowed.
C) Economic growth has only been significant once countries have undergone an industrial revolution.
D) In general, the richer developed countries have grown at a slower rate than the less rich ones in recent years.
Correct Answer:
Verified
Q19: The magnitude of cyclical fluctuations resulting from
Q20: The phase of the business cycle when
Q21: Which of the following is not a
Q22: Which of the following factors will not
Q23: The position of the AS curve is
Q25: The rate of economic growth is equal
Q26: An increase in capital per worker will
Q27: Which of the following factors explain sustained
Q28: A rise in the capital stock will
Q29: Human capital refers to_ that contribute to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents