The growth of real GDP per person in the United States between 1960 and 2008 was the result of:

Question

Quizplus · Accepted Answer

The growth of real GDP per person in the United States between 1960 and 2008 was the result of both growth in average labor productivity and the share of population employed. This can be seen from the fact that real GDP per person increased by 2.2% per year during this period, while average labor productivity increased by 1.4% per year and the share of population employed increased by 0.6% per year. Therefore, both factors contributed to the growth of real GDP per person.

The Growth of Real GDP Per Person in the United