Question

Did economic output start growing faster than population from the beginning of the human inhabitation of the earth?

- No, rapid and sustained economic growth is a modern phenomenon.
- Yes, rapid and sustained economic growth has been occurring since the beginning of the human inhabitation of the earth.
- No, population has always grown faster than output.
- This is impossible to know.

Answer 1

The correct answer is - No, rapid and sustained economic growth is a modern phenomenon.

Step-by-step explanation:

Economic growth is the increase in the income or value of final goods and services produced by an economy (usually from a country or region) in a given period (usually in a year).

Broadly speaking, economic growth refers to the increase of certain indicators, such as the production of goods and services, increased energy consumption, savings, investment, a favorable trade balance, increased calorie consumption per capita, etc. . The improvement of these indicators should theoretically lead to a rise in the living standards of the population.