Since 1950, the standard of living in the United States has:
A)increased when measured by output per person, but decreased when measured by total output.
B)increased when measured by both total output and output per person.
C)decreased when measured by output per person, but increased when measured by total output.
D)decreased when measured by both total output and output per person.

Question

Quizplus · Accepted Answer

Both U.S. real GDP and real GDP per person went up enormously from 1870 to 2010, and especially fast in the years 1950 to 2010.

Since 1950, the Standard of Living in the United States