Modern economic growth:
multiple choice:
has been experienced by all countries around the world.
makes a country's output per person rise at a compounded rate.
refers to the phenomenon when a country's total output rises.
started occurring during the time of the roman empire.

Makes a country's output per person rise at a compounded rate.

Explanation:

Modern economic growth has led to compound rate of financial development, or the compound development rate, and the output per person which is measured by GDP per capita. Modern Economic growth has made numerous changes and has helped to improve the output ratio per person. This implies that the speed of development is being doubled by a base that incorporates past GDP development, with substantial impacts after some time.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi