Over the 120 years from 1900 to 2020, the average growth rate of U.S. real GDP per person was 2 percent a year. What does this tell us? A. Real GDP grew faster than the population. B. The growth rate of real GDP was 2 percent a year on average. C. Real GDP grew slower than the population. D. The growth rate of real GDP was less than 2 percent a year on average.
Over the 120 years from 1900 to 2020, the average growth rate of U.S. real GDP per person was 2 percent a year. What does this tell us? A. Real GDP grew faster than the population. B. The growth rate of real GDP was 2 percent a year on average. C. Real GDP grew slower than the population. D. The growth rate of real GDP was less than 2 percent a year on average.
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 2P
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Question
Over the 120 years from 1900 to 2020, the average growth rate of U.S. real
A.
Real GDP grew faster than the population.
B.
The growth rate of real GDP was 2 percent a year on average.
C.
Real GDP grew slower than the population.
D.
The growth rate of real GDP was less than 2 percent a year on average.
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