Before the period of modern economic growth:

A. only civilizations such as the Roman Empire experienced economic growth.
B. rates of population growth virtually matched rates of output growth.
C. most economies realized high rates of growth in output per person.
D. output and population growth were stagnant.

Answer: B

Economics

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Nominal GDP is another term for

A) real GDP. B) inflation-adjusted GDP. C) constant-dollar GDP. D) current-dollar GDP.

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