Which of the Following Statements Is True of World GDP

question 93

Multiple Choice

Which of the following statements is true of world GDP before 1800?

• A) Most of the countries were growing at a rate of more than 6 percent per year.
• B) The GDP per capita in all nations across the world was less than $500.
• C) The entire world population was living above the subsistence level of income.
• D) An increase in GDP resulted in an increase in consumption but not investment.

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