Multiple Choice

An economist analyzes the economic performance of four nations from 1950 to 1990.

  • Nation W, a market-based economy, started with the highest per-capita output and experienced consistent growth.
  • Nation E, a centrally-planned economy, started with a lower output than Nation W, and the gap between them widened over time.
  • Nations J and S, both market-based economies, started with significantly lower per-capita outputs than Nation W. However, they both grew at a faster pace than Nation W, with

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Updated 2025-09-26

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