Economics Essay: Has the world economy grown significantly in the past 200 years? Give and cite figures. What has this done to the standard of living? Custom Essay
THE HISTORY OF TECHNOLOGY) as well as any outside data or articles, write an essay in 2-3 pages (500-750 words) discussing long-run economic growth. In order to receive full credit, the essay should address the following points:
−− Has the world economy grown significantly in the past 200 years? Give and cite figures. What has this done to the standard of living?
−− How has this growth been achieved? What are its determinants?
−− Why has growth been unequal across countries? Explain the disparity using the determinants you cited above.
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