Which of the following statements are correct?
I. The average economic growth rate in real GDP per person in the United States over the last century was 5 percent per year.
II. The United States has the highest economic growth rate of any nation.

Question

Quizplus · Accepted Answer

Both statements are incorrect. The average economic growth rate in real GDP per person in the United States over the last century was around 2 percent per year, not 5 percent per year. Additionally, while the United States has a relatively high economic growth rate compared to many other developed nations, it is not the highest in the world.

Which of the Following Statements Are Correct