Question

Over the past century, real gdp per person in the u. s. has grown about _____ percent per year, which means it doubles about every _____ years

Answer 1

Over the past century, real GDP per person in u. s. has grown about 2 percent per year, which means it doubles about every 35 years.

GDP measures the monetary value of final goods and services—that is, the ones that might be sold with the aid of the final consumer—produced in a country in a given time frame (say 1 / 4 or 12 months). It counts all the output generated inside the borders of a country.

Gross home product is the economic degree of the marketplace price of all the final items and services produced in a selected term by using nations. because of its complicated and subjective nature, this degree is regularly revised before being taken into consideration as a dependable indicator.

GDP may be calculated by using adding up all of the cash spent by using purchasers, businesses, and the authorities in a given length. it could additionally be calculated by including up all of the money obtained by way of all the contributors inside the financial system. In either case, the range is an estimate of "nominal GDP."

Learn more about GDP here brainly.com/question/8342414

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