In the past 30 years,both China and India have had substantial economic growth:
A) and as a result,they are almost as rich as Canada today.
B) but India has matched the Canadian income level of the 1900s,and China only recently exceeded the same level of income in Canada in 1900.
C) which was fuelled by both countries' increases in consumption.
D) which came about because of their relatively low levels of saving.
Correct Answer:
Verified
Q241: An example of a public good that
Q242: Sustainable long-run economic growth can continue in
Q251: Sustainable long-run economic growth is long-run growth
Q262: After the price of oil increased in
Q263: A negative externality is a good or
Q264: In 2015,the median Canadian household income was
Q265: If real GDP in country A is
Q282: The rule of 70 tells us that:
A)it
Q298: If the population and GDP increase by
Q300: The value of real GDP divided by
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