During this century, the growth rate of real GDP in the United States has averaged approximately

What will be an ideal response?


3 percent.

Economics

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A unanimity rule suffers from the holdout problem

a. True b. False

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Both monetary policy and fiscal policy affect aggregate demand

a. True b. False Indicate whether the statement is true or false

Economics

A Price Ceiling is the;

(a) Minimum price consumers are willing to pay for a product. (b) Minimum price usually set by government that sellers must charge for a product. (c) Maximum price usually set by government that sellers must charge for a product. (d) None of the above.

Economics

Comparative advantage can change over time

Indicate whether the statement is true or false

Economics