The potential long-run growth rate for real GDP per year is estimated to be which of the following?
A)less than 2 percent
B)2.5 to 3 percent
C)5 percent
D)One of the areas where there is little consensus.

Question

Quizplus · Accepted Answer

The long-run growth rate for real GDP in developed economies like the United States is typically estimated to be around 2.5 to 3 percent per year, reflecting factors like labor force growth and productivity improvements.

The Potential Long-Run Growth Rate for Real GDP Per Year