Multiple Choice
If real GDP per capita measured in 2009 dollars was $6,000 in 1950 and $48,000 in 2016,we would say that in the year 2016,the average American could buy ________ times as many goods and services as the average American in 1950.
A) 1/8
B) 4
C) 8
D) 12
Correct Answer:
Verified
Correct Answer:
Verified
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