Multiple Choice
Which of the following statements regarding U.S. economic growth is NOT correct?
A) The growth rate of real GDP per person accelerated between 1973 to 1984.
B) The average annual growth rate of real GDP per person in the United States was rapid during World War II.
C) Over the past 100 years, on the average real GDP per person grew 2 percent a year.
D) In the 1930s, real GDP fell well below its trend.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Suppose there is a rise in the
Q22: A problem with the neoclassical growth theory
Q23: The relationship between education and economic growth
Q24: Convergence of the income gap has been
Q26: Which of the following ideas apply to
Q27: Which of the following policy actions could
Q28: If the price level increases, but workersʹ
Q29: Which of the following statements is correct?<br>A)
Q156: What are the basic arguments of the
Q241: What are the basic arguments of the