Under modern economic growth, the annual average increase in output per person is:
A) Often not large, perhaps 2% per year
B) Often large, perhaps greater than 5% per year
C) Often small, perhaps less than 1% per year
D) Often the same in rich countries as in poor countries
Correct Answer:
Verified
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A) Occurs when current
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Q27: Which among the following countries had the
Q28: If a family's income increases by 5%
Q30: Rapid and sustained economic growth of nations:
A)
Q31: In 2011, output per person in the
Q32: Modern economic growth:
A) Started occurring since the
Q33: Which among the following countries had the
Q34: Suppose that real GDP increases by 5%
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