According to Angus Maddison, a Leading Authority in the Area

question 65

Multiple Choice

According to Angus Maddison, a leading authority in the area, world per capita GDP

• A) increased by about 50 percent  during the 800 years following year 1000, but it increased  by nearly tenfold  during the past 200 years.
• B) increased by nearly tenfold during the 800 years between 1000 and 1813, but it increased by only 50 percent during the past 200 years.
• C) has grown steadily during the past 1000 years.
• D) Grew at an annual rate of more than 2 percent during 1000-1813, but the annual growth rate has declined as the population increased during the past 200 years.

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Definitions:

Cannibalize

In business, refers to a situation where a company's new product or service takes away sales from its existing offerings.

Highly Innovative

Refers to organizations or individuals that exhibit a strong capacity for creativity, leading to groundbreaking ideas and products.

Mission Statements

Formal summaries of the aims and values of a company, organization, or individual, guiding its decision-making and path forward.

Organizational Goals

The objectives or desired outcomes that an organization aims to achieve over a specific period, guiding its strategic decisions and actions.