Real GDP per capita in the United States grew from about 6 000 in 1900...

50.1K

Verified Solution

Question

Basic Math

image

Real GDP per capita in the United States grew from about 6 000 in 1900 to about 55 786 in 2020 which represents an annual growth rate of 1 88 percent Real time data provided by Federal Reserve Economic Data FRED Federal Reserve Bank of Saint Louis If the United States continues to grow at this rate it will take 37 2 years for real GDP per capita to double Enter your response rounded to two decimal places If government economic policies meant to stimulate economic growth result in the annual growth rate increasing to 2 13 percent it will take years for real GDP per capita to double Enter your response rounded to two decimal places

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students