The following table shows values of annual real GDP per capita over time. Use it to answer the next question.1810$1,5001860$2,1001910$3,9001960$18,0002010$43,600Between which years was the rate of growth in real GDP per capita the lowest?
A. 1860 to 1910
B. 1910 to 1960
C. 1810 to 1860
D. 1960 to 2010
Answer: C
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It is more likely for tacit collusion to occur in the ________ market compared to the ________ market.
A) dog food; electric car B) electric car; fast food C) fast food; electric car D) fast food; commercial airline
Due to a boom in the US, the average rate of return on investments is likely to rise causing the demand for US dollar to
a. Increase b. Decrease c. Not change d. None of the above
What is the main difference in the classical model as compared to the short-run macro model?
a. In the classical model the economy automatically operates at potential GDP while in the short run model the economy can operate at a different level of GDP b. In the short run model the economy automatically operates at potential GDP while in the classical model the economy can operate at a different level of GDP c. Fiscal policy has no effect in the short run model but is very effective in the classical model d. There is no difference in the predictions of the two models e. The classical model does a better job in predicting recessions than the short-run macro model
Which statement is false?
A. Suburbanization was the migration of tens of millions of middle-class Americans—nearly all of them white—from the cities to the suburbs. B. The people who moved to the suburbs were replaced in the cities by millions of poor people, the large majority of whom were black and Hispanic. C. The inner cities today are socially isolated from the rest of the country. D. None of these statements are false.