Tis question is not addressed in the chapter—and in fact is still debated amongeconomists—but it is interesting to think about: Why do you suppose growthin living standards was virtually nonexistent for thousands of years? Why didthis situation change in recent centuries?

Tis question is not addressed in the chapter—and in fact is still debated amongeconomists—but it is interesting to think about: Why do you suppose growthin living standards was virtually nonexistent for thousands of years? Why didthis situation change in recent centuries?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 5P

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Tis question is not addressed in the chapter—and in fact is still debated among
economists—but it is interesting to think about: Why do you suppose growth
in living standards was virtually nonexistent for thousands of years? Why did
this situation change in recent centuries?

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