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.
Correct Answer:

Verified
Correct Answer:
Verified
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