Which of the following statements is true of economic growth and GDP across the world before 1800?
A) There was sustained growth because whatever improvements in GDP were realized were invested in capital equipment.
B) The income per capita in all countries throughout the world was less than $500 per capita.
C) The income per capita in all countries throughout the world was more than $1,000 per capita.
D) There was a lack of sustained growth because the pace of technological change was slow.
ANSWER
D
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