Between 1916 and 2016, the average growth rate of real GDP per person in the United States was 2 percent a year. What information does this fact give us about the growth rates of other variables? During this period, grew at a faster rate than

Between 1916 and 2016, the average growth rate of real GDP per person in the United States was 2 percent a year. What information does this fact give us about the growth rates of other variables? During this period, grew at a faster rate than

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 2P

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Question

Between 1916 and 2016, the average growth rate of real GDP per person in the United States was 2 percent a year.
What information does this fact give us about the growth rates of other variables?
During this period,
grew at a faster rate than
O A. GDP; the population
O B. the population; real GDP
O C. real GDP; the population
O D. inflation; real GDP
Click to select your answer.

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