Consider the following data that identifies real gross domestic product (GDP) in comparison to the long-run trend of real GDP to answer the following questions:
-On average,what percentage does real gross domestic product (GDP)grow over the long run?
A) 1 percent
B) 2 percent
C) 3 percent
D) 4 percent
E) 5 percent

Question

Consider the following data that identifies real gross domestic product (GDP) in comparison to the long-run trend of real GDP to answer the following questions: 
-On average,what percentage does real gross domestic product (GDP)grow over the long run?
A) 1 percent 
B) 2 percent 
C) 3 percent 
D) 4 percent 
E) 5 percent

Quizplus · Accepted Answer

Looking at the long-run trend, we can see that real GDP consistently grows at a rate of approximately 3 percent per year.

Consider the Following Data That Identifies Real Gross Domestic Product