For the World,what Period of Time Experienced the Fastest Growth

question 160

Multiple Choice

For the world,what period of time experienced the fastest growth rate of real GDP per person?

• A)around 500 B.C.
• B)around 400 A.D.
• C)between 1000 A.D.and 1500 A.D.
• D)after about 1850 A.D.
• E)between 1500 A.D.and 1850 A.D.

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Definitions:

Variable Cost Estimate

An approximation of the costs that vary in direct proportion to the volume of output or production, such as materials and labor.

Sensitivity Analysis

An approach utilized to assess the effects that changes in an independent variable have on a designated dependent variable within established assumptions.

Final Outcome

The ultimate result or conclusion reached after a series of events or processes.

Hard Rationing

A situation in which companies cannot obtain funds for projects through internal sources and external financial markets are unwilling or unable to lend.