The best description of the economic benefits of the railroads (RRs) is:
A) RRs saved about 3 percent of GNP over what it would have cost to ship goods and people by alternative methods.
B) U.S. GNP was reached about 20 years earlier with RRs than it would have been reached had RRs not been developed.
C) U.S. GNP was reached about 40 years earlier with RRs than it would have been reached had RRs not been developed.
D) Alternative forms of transport could have shipped goods and people for the same cost or less than the RRs did, and therefore, RRs generated no extra economic growth.

Question

Quizplus · Accepted Answer

Railroads provided significant cost savings in transportation, estimated at about 3% of GNP, compared to alternative methods, thus contributing to economic growth.

The Best Description of the Economic Benefits of the Railroads