Question

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.

Answer 1

In most of the recorded days in human history, economic growth has been virtually non-existence.

Option(a):

Step-by-step 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.