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Since 1900,real Gdp in the United States Has Grown

Question 5
Multiple Choice

Since 1900,real GDP in the United States has grown A) more rapidly than the population. B) more slowly than the population. C) as rapidly as the population. D) in a random unpredictable manner relative to the population.

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If real GDP per capita measured in 2000 dollars was $6,000 in 1950 and $48,000 in 2010,we would say that in the year 2010,the average American could buy ________ times as many goods and services as the average American in 1950. A) 1/8 B) 4 C) 8 D) 12
Q 7
If real GDP in a small country in 2010 is $8 billion and real GDP in the same country in 2011 is $8.3 billion,the growth rate of real GDP between 2010 and 2011 A) is 3.0%. B) is 3.6%. C) is 3.75%. D) cannot be determined from the information given.
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