Solved

Which of the Following Is True

Question 77

Multiple Choice

Which of the following is true?


A) ​The Rule of 70 says that the number of years necessary for a nation to double its output is approximately equal to the nation's growth rate divided by 70.
B) ​Economic growth is usually measured by the annual percent change in the nominal output of goods and services per capita.
C) ​An increase in labor input necessarily increases output per capita.
D) ​Neither the initial development process nor the sustained growth of an economy is dependent on a large natural resource base.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions