If the real U.S.GDP was $10 trillion in 2000 and the U.S.population was 280 million,the per capita real GDP would have been closest to
A) $2,800 per person.
B) $28,000 per person.
C) $35,714 per person.
Correct Answer:
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Q18: Long-run macroeconomic growth
A)Shifts the production possibilities curve
Q19: A short-run increase in capacity utilization
A)Shifts the
Q20: The base period is usually a year
A)From
Q21: Ceteris paribus,rising employment rates imply
A)Falling per capita
Q22: Growth in GDP per capita is attained
Q24: The employment rate is measured as the
Q25: The process of economic growth is
A)Not affected
Q26: Assume the real U.S.GDP in 1998 was
Q27: Assume the real U.S.GDP in 1997 was
Q28: If the number employed grows faster than
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