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31 December, 07:56

For most of recorded history, economic growth has been:

A.

virtually nonexistent.

B.

a way to equalize the distribution of wealth around the world.

C.

about the same as today.

D.

a source of continuously rising living standards.

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Answers (1)
  1. 31 December, 08:17
    0
    In most of the recorded days in human history, economic growth has been virtually non-existence.

    Option (a):

    Explanation:

    Economic growth may be defined as the increase in economic value that affords more goods and services. The major role of economic growth is to improve GDP value per year. In the case of the U. S, an increase in economic growth gradually increase labor productivity. Though for the past days the economic growth is considered to be non-existence since it doesn't vary or changes its way of existing. The economy growth occurs for several factors and till now there is no proper reason for its existence in society.
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