Since 1929,
A)the U.S. price level has fallen while real GDP rose
B)U.S. real GDP has grown at about the same rate as nominal GDP
C)U.S. employment increased while utilization of capital declined
D)the U.S. price level has doubled, despite eight recessions
E)real GDP per capita jumped sixfold

Question

Quizplus · Accepted Answer

Real GDP per capita in the U.S. has increased significantly since 1929, approximately sixfold, reflecting substantial economic growth over the decades.