q23-The dramatic rise in living standards since the capitalist revolution resembles a hockey stick in many countries. Which of the following is not true about this change:Select one:a.The rise in living standards has been accompanied by an increase in population.b.The rise in living standards has been relatively equal across and within countries.c.Advances in technology contributed to the increase in living standards.d.The rise in living standards has been accompanied by an increase in adverse environmental impacts.

These Options are wrong because, The Standard of living is equal to the proportion of real GDP to…

Answered: - The dramatic rise in living…

- The dramatic rise in living standards since the capitalist revolution resembles a hockey stick in many countries. Which of the following is not true about this change: Select one:

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 1PA

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