A reason wealthy nations have continued to realize sustained growth is:
A) they participate in unfair trade practices with developing nations.
B) there has been continued technological advance.
C) they have passed their steady state.
D) they are not getting close to their steady state.
E) the steady state does not exist.

Question

Quizplus · Accepted Answer

Wealthy nations have continued to realize sustained growth due to the continued adoption of new technologies that have increased production efficiency and lowered costs, leading to increased economic output. While unfair trade practices may contribute to some growth, it is not a sustainable and ethical solution that can support long-term growth. The steady state theory suggests that economies will eventually reach a point of maximum output and stop growing, but wealthy nations have not yet reached this point and continue to experience growth.

A Reason Wealthy Nations Have Continued to Realize Sustained Growth