Real GDP in the United States is five times as great as it was 50 years ago,yet GDP weighs almost the same as it did a half century ago and the population has less than doubled.These facts suggest that

Question

Quizplus · Accepted Answer

The increase in GDP despite a similar weight suggests that the economy is producing more value with less physical materials. This is likely due to increased worker productivity and advancements in technology, making international trade more cost-efficient. This does not imply anything about the quality of goods or the amount consumed per person.

Real GDP in the United States Is Five Times as Great