- The dramatic rise in living standards since the capitalist revolution resembles a hockey stick in many countries. Which of the following is not true about this change: Select one:

ENGR.ECONOMIC ANALYSIS
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q23-

The dramatic rise in living standards since the capitalist revolution resembles a hockey stick in many countries. Which of the following is not true about this change:

Select one:
a.

The rise in living standards has been accompanied by an increase in population.

b.

The rise in living standards has been relatively equal across and within countries.

c.

Advances in technology contributed to the increase in living standards.

d.

The rise in living standards has been accompanied by an increase in adverse environmental impacts.

Expert Solution
Step 1

These Options are wrong because, 

The Standard of living is equal to the proportion of real GDP to population, giving real GDP per capita. Second, a better quality of living prompts quicker populace development. Third, quicker populace development prompts a declining standard of life. That's why Option A is INCORRECT. 

Advances in technology contributed to the increase in living standards, by Advances in technology are frequently connected to expanded level of income, which can improve living conditions and long haul possibilities in less fortunate nations, while on a significantly more extensive scale technology can further develop livelihoods by expanding food production. That's why OPTION C INCORRECT 

The rise in living standards has been accompanied by an increase in adverse environmental impacts because the environment effect of economic development incorporates the expanded utilization of non-sustainable resources, more significant levels of contamination, an unnatural weather change and the likely loss of natural living spaces. That's why OPTION D INCORRECT 

 

 

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