Which of the following statements regarding U.S. economic growth is NOT correct?
A) In the 1930s, real GDP fell well below its trend.
B) Over the past 100 years, on the average real GDP per person grew 2 percent a year.
C) The growth rate of real GDP per person accelerated between 1973 to 1984.
D) The average annual growth rate of real GDP per person was lower prior to 1929 than after World War II.
Correct Answer:
Verified
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