Real per capita GDP across the world has stayed constant since the year 1800.O trueO falseWhich of the following would you need if you were computing U.S. real GDP in2020? Prices from and quantities from _____.O 2012, 2020O 2012, 20122020, 2020O 2020, 2012If nominal wages rose by 5% and the CPI grew by 3%, then how much did realwages grow by?OOO +2%O -5%O -2%O +5%

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Real per capita GDP across the world has stayed constant since the year 1800. true false

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

100%

Real per capita GDP across the world has stayed constant since the year 1800.
O true
O false
Which of the following would you need if you were computing U.S. real GDP in
2020? Prices from and quantities from _____.
O 2012, 2020
O 2012, 2012
2020, 2020
O 2020, 2012
If nominal wages rose by 5% and the CPI grew by 3%, then how much did real
wages grow by?
OO
O +2%
O -5%
O -2%
O +5%

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