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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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