In the U.S. economy today, real GDP per person, compared with its level in 1900, is about:
A) 50 percent higher.
B) twice as high.
C) three times as high.
D) eight times as high.
Correct Answer:
Verified
Q1: A typical trend during a recession is
Q2: A severe recession is called a(n):
A) depression.
B)
Q3: The study of the economy as a
Q4: Deflation occurs when:
A) real GDP decreases.
B) the
Q6: The total income of everyone in the
Q7: A measure of how fast the general
Q8: Macroeconomists cannot conduct controlled experiments, such as
Q9: All of the following are types of
Q10: Real GDP _ over time and the
Q11: The inflation rate is a measure of
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