Which of the following statements about the economic growth of the US is correct

Question

Which of the following statements about the economic growth of the US is correct? Multiple Choice During its golden age of growth (1950-1970), US produced more than the rest of the world combined. However, we also observe an increase in inequality of income between employees and business owners during the process. The US share of world production started to drop from 1970. Fortunately, many different B government programs are carried out to spread out the fruits of economic growth and inequality start to decline. US still maintains a surplus in international trade in recent years.

Explanation / Answer

Solution: The US share of world population started to drop from 1970. Fortunately, many different government programs are carried out to spread out the fruits of economic growth and inequality start to decline

Explanation: The 1970s was the first period in United States wherein the rate of world population growth started dropping due to family planning

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