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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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