Consider the following data that identifies real GDP in comparison to the long-run trend of real GDP to answer the questions that follow.

-On average,what percentage does real GDP grow over the long run?
A) 1%
B) 2%
C) 3%
D) 4%
E) 5%

Question

Consider the following data that identifies real GDP in comparison to the long-run trend of real GDP to answer the questions that follow.
 
-On average,what percentage does real GDP grow over the long run?
A) 1% 
B) 2% 
C) 3% 
D) 4% 
E) 5%

Quizplus · Accepted Answer

The long-run trend of real GDP growth appears to be around 3%, as this is approximately the average rate at which the trend line increases over time.

Consider the Following Data That Identifies Real GDP in Comparison