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

Question

Quizplus · Accepted Answer

According to historical data, real GDP per person in Canada has grown at an average rate of approximately 2 percent per year over the past century. This implies a doubling about every 35 years.

Over the Past Century in Canada,by How Much Has Average