Rapid economic growth: has occurred periodically over the past 1000 years. occurred mostly between 300 and 500 years ago. never actually exceeds 2% per year. is relatively new in the context of history.

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Business

Raphael

29 January, 13:30

Rapid economic growth: has occurred periodically over the past 1000 years. occurred mostly between 300 and 500 years ago. never actually exceeds 2% per year. is relatively new in the context of history.

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Giuliana Decker · Answer 1

The correct answer is "is relatively new in the context of history."

Explanation:

Economic growth is the increase in the per capita income of the entire population of a country each year.

The economic growth is relatively new in the context of history. The world saw rapid economic growth about 200 hundred years ago. It started with the invention of new technology that changed the ways of how things were done, specifically in the field of agriculture and with the discovery of energy and its forms.