What has been the average annual growth rate of U.S. real GDP per person over the 120 years from 1900 to 2020? In which decade, beginning with the 1960s, was the growth of potential GDP per person greatest and slowest?
What has been the average annual growth rate of U.S. real GDP per person over the 120 years from 1900 to 2020? In which decade, beginning with the 1960s, was the growth of potential GDP per person greatest and slowest?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 22CTQ: Over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita...
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![Question 3
What has been the average annual growth rate of U.S. real GDP per person
over the 120 years from 1900 to 2020?
In which decade, beginning with the 1960s, was the growth of potential GDP
per person greatest and slowest?
(3)
Over the 120 years from 1900 to 2020, the average annual growth rate of U.S.
real GDP per person is Type percent.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F85fa6a55-a2bb-4d7d-9f9c-07d347dafb94%2F54860f72-8733-4a84-ba46-eac237a40a11%2Fjdwckp_processed.png&w=3840&q=75)
Transcribed Image Text:Question 3
What has been the average annual growth rate of U.S. real GDP per person
over the 120 years from 1900 to 2020?
In which decade, beginning with the 1960s, was the growth of potential GDP
per person greatest and slowest?
(3)
Over the 120 years from 1900 to 2020, the average annual growth rate of U.S.
real GDP per person is Type percent.
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