Identify the Correct Statement

Identify the correct statement.

A) According to the Rule of 70, the number of years necessary for a nation to double its output is approximately equal to the nation's growth rate divided by 70.
B) Economic growth is usually measured by the annual percent change in the nominal output of goods and services per capita.
C) An increase in labor input necessarily increases output per capita.
D) Neither the initial development process nor the sustained growth of an economy is dependent on a large natural resource base.
E) Improvements in and greater stocks of land, labor, capital, and entrepreneurial activity shift the production possibilities curve inward.