Which of the following is true of long-run economic growth in the United States

Question

Which of the following is true of long-run economic growth in the United States since 1905? The remarkable cutbacks to the government sector over the period have been the main reason behind improved living standards. A much larger proportion of U.S. households own a broader range of material goods than was the case in 1905. Recessions have significantly impeded the progress that normally goes along with long-run economic growth. Increased pollution has made the United States worse off than it was about 100 years ago.

Explanation / Answer

Correct option: (d) Increased pollution has made the United States worse off than it was 100 years ago

With increasing industrialization and globalization occurring at the cost of environment, US has increased in GDP and quality of life over the past 100 years, but definitely become worse in terms of environmental quality because of high pollution.

Here are poor environmental standards and despite many agreements on the same, nothing worthwhile has been achieved in this regard.

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