When examining economic growth rates throughout history,
a. almost no growth occurred prior to 1300 ad and then all countries of the world grew at a rapid pace.
b. it appears that the world experienced consistent growth since records have been kept.
c. the world experienced little to no growth until the industrial revolution, after which all of the world's economies began to experience real economic growth.
d. the world experienced little to no growth until the industrial revolution, after which some economies began to experience real economic growth?

Question

23-03-2018
Business

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When examining economic growth rates throughout history,
a. almost no growth occurred prior to 1300 ad and then all countries of the world grew at a rapid pace.
b. it appears that the world experienced consistent growth since records have been kept.
c. the world experienced little to no growth until the industrial revolution, after which all of the world's economies began to experience real economic growth.
d. the world experienced little to no growth until the industrial revolution, after which some economies began to experience real economic growth?

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ahmedishaal ahmedishaal · Answer 1 · 2018-04-04T05:21:29+02:00

The answer from the given options is "d. the world experienced little to no growth until the industrial revolution, after which some economies began to experience real economic growth".

Economic growth refers to the expansion in the inflation balanced market estimation of the merchandise and ventures delivered by an economy after some time. It is expectedly estimated as the percent rate of increment in real gross domestic output, or genuine GDP.