Which of the following statements is correct? World economic growth was near zero from ADI until about 1800 when it began to rise steadily. World economic growth has been up and down since AD 1. World economic growth grew rapidly from about AD 1 to 1800 and then leveled off. World economic growth has been steadily falling by about 2% each year since AD 1. World economic growth has been steadily rising by about 2% each year since AD 1.

Which of the following statements is correct? World economic growth was near zero from ADI until about 1800 when it began to rise steadily. World economic growth has been up and down since AD 1. World economic growth grew rapidly from about AD 1 to 1800 and then leveled off. World economic growth has been steadily falling by about 2% each year since AD 1. World economic growth has been steadily rising by about 2% each year since AD 1.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following statements is correct?
World economic growth was near zero from AD1 until about 1800 when it began to rise steadily.
World economic growth has been up and down since AD 1.
World economic growth grew rapidly from about AD 1 to 1800 and then leveled off.
World economic growth has been steadily falling by about 2% each year since AD 1.
World economic growth has been steadily rising by about 2% each year since AD 1.

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