Economic growth in the U.S. since 1950 has been characterized by:
A. An average growth rate in real GDP that is slower than the growth rate of the population
B. A quadrupling of real GDP from 1950 to 2012
C. An average growth rate in real GDP that is faster than the growth rate of the population
D. An average growth rate in real GDP per capita of about 6% per year
C. An average growth rate in real GDP that is faster than the growth rate of the population
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If a college wanted to increase its revenues from tuition payments, should it increase the tuition of day and evening students alike?
What will be an ideal response?
Explain an additional disadvantage for a country undergoing dollarization compared to a currency board or other exchange-rate targeting regimes
What will be an ideal response?
If inflation is correctly anticipated, in a transaction between borrowers and lenders, inflation
a. will not reduce purchasing power of the money paid back b. will redistribute purchasing power from borrowers to lenders c. will not redistribute purchasing power d. will redistribute purchasing power from to lenders to borrowers e. cannot be taken into consideration when a loan is negotiated
If a currency decreases in value in response to market forces, this process is known as
a. devaluation. b. depreciation. c. deflation. d. degeneration.