The purchasing power of the average person in the world today is:
A) more than 30 times as high as it was 200 years ago.
B) more than 20 times as high as it was 300 years ago.
C) is about the same as it has been during the last two centuries.
D) has increased steadily over the last two centuries.
Correct Answer:
Verified
Q3: According to the rule of 70, if
Q14: Total changes in GDP over time are:
A)
Q15: In a given year the nominal growth
Q16: The fact that the United States has
Q18: Economic growth means:
A) more production of goods
Q20: The middle class in China:
A) outnumbers the
Q21: Output per person on a country level
Q22: Suppose that a nation has a GDP
Q23: The US had a nominal GDP of
Q32: The productivity of workers can depend upon
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