Over the past century in Canada, by how much has average income grown as measured by real GDP per person?
A) about 1 percent per year, which implies a doubling about every 70 years
B) about 2 percent per year, which implies a doubling about every 35 years
C) about 3.5 percent per year, which implies a doubling about every 20 years
D) about 4 percent per year, which implies a doubling about every 17.5 years

Question

Quizplus · Accepted Answer

According to historical data from Statistics Canada, real GDP per person has grown at an average annual rate of approximately 2 percent over the past century. This implies a doubling of income every 35 years, consistent with choice B.

Over the Past Century in Canada, by How Much Has