Which of the following is not a correct statement about the growth of real GDP in the U.S.economy?
A)Real GDP in 2009 was almost four times its 1965 level.
B)Growth was steady between 1965 and 2009.
C)Continued growth in real GDP enables the typical American to enjoy greater economic prosperity than his or her parents and grandparents did.
D)The output of goods and services produced grew on average about 3 percent per year between 1965 and 2009.

Question

Quizplus · Accepted Answer

Growth was not steady between 1965 and 2009; there were periods of recession and expansion, leading to fluctuations in growth rates.

Which of the Following Is Not a Correct Statement About