The nominal U.S. GDP per capita was about $23,954 in 1990 and $48,375 in 2010. The GDP deflator of 2010 against 1990 was about 1.5159. What is the average annual growth rate of real GDP per capita during 1990-2010 approximately? O 1.44% O2.33% O2.02% O 1.98%

The nominal U.S. GDP per capita was about $23,954 in 1990 and $48,375 in 2010. The GDP deflator of 2010 against 1990 was about 1.5159. What is the average annual growth rate of real GDP per capita during 1990-2010 approximately? O 1.44% O2.33% O2.02% O 1.98%

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

The nominal U.S. GDP per capita was about $23,954 in 1990 and $48,375
in 2010. The GDP deflator of 2010 against 1990 was about 1.5159. What is
the average annual growth rate of real GDP per capita during 1990-2010
approximately?
O 1.44%
O 2.33%
O 2.02%
O 1.98%

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