Growth in real GDP per capita has:
A. been more rapid since the mid-nineteenth century than ever before.
B. slowed since the mid-nineteenth century compared to before.
C. increased over the last 150 years only in the United States and Canada.
D. been steady over the course of human history.
Answer: A
You might also like to view...
Research supporting the new Keynesian model finds that prices are ________
A) slow to adjust to aggregate demand shocks B) changed very frequently C) changed only infrequently D) not as flexible as wages
What happens to the labor supply curves in both countries when Mexican workers leave Mexico and move to the United States?
a. Labor supply decreases in Mexico and decreases in the United States. b. Labor supply increases in the United States and increases in Mexico. c. Labor supply increases in the United States and decreases in Mexico. d. Labor supply increases in Mexico and decreases in United States.