Which of the Following Statements Is True of the U

question 77

Multiple Choice

Which of the following statements is true of the U.S.economy before 1800?

• A) There were no major achievements in arts in the U.S. economy.
• B) There were no major achievements in science and technology in the U.S. economy.
• C) Sustained economic growth was rare or absent in the U.S. economy.
• D) The U.S. economy was growing at an average rate of more than 6 percent per year.

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Definitions:

Americans

People originating from or living in the United States of America.

Quintiles

Statistical values that divide a dataset into five equal parts, often used in economics to discuss income distribution.

Income

Money received, especially on a regular basis, for work or through investments.

Perfect Income Equality

A hypothetical situation where all individuals within an economy have the exact same income, eliminating income disparities.