Over the past century in the United States, average income as measured by real GDP per person has grown about
A) 4 percent per year, which implies a doubling about every 18 years.
B) 4 percent per year, which implies a doubling about every 8 years.
C) 2 percent per year, which implies a doubling about every 35 years.
D) 2 percent per year, which implies a doubling about every 18 years.
Correct Answer:
Verified
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