Answered: The six most populous countries in the…

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter23: Growth And Less Developed Countries

Section23.2: Economic Growth And Development Around The World

Problem 1GE

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Question

The six most populous countries in the world:

a. all achieved per capita economic growth between 1970 and 2014

b. contain almost one-fourth of the world’s population

c. Both of the above

d. Neither of the above

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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