At what average annual rate have real GDP and real GDP per capita grown from 1950 to 2018?
A) 7.5 percent and about 5 percent, respectively
B) 3.1 percent and about 2 percent, respectively
C) 5.1 percent and about 3 percent, respectively
D) 1.1 percent and about 0.5 percent, respectively

Question

Quizplus · Accepted Answer

According to data from the Bureau of Economic Analysis, real GDP has grown at an average annual rate of 3.1 percent from 1950 to 2018. Real GDP per capita has grown at an average annual rate of about 2 percent over the same period.

At What Average Annual Rate Have Real GDP and Real