China's GDP per person in 2011 was about one-third of U.S.GDP per person in the same year.
Correct Answer:
Verified
Q45: The business cycle reflects both short-run fluctuations
Q46: Inflation reduces the purchasing power of a
Q48: In 2008-2009, the U.S.economy lost 8 million
Q65: Output per person has grown steadily since
Q77: Nominal GDP measures a nation's output in
Q78: Economists and policymakers are generally more concerned
Q83: Economists believe that expectations have little impact
Q91: A nation that wants to invest in
Q94: Demand shocks may be positive or negative.
Q100: The amount of investment in an economy
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents