Real GDP per capita in the U.S. grew from about $6,000 in the year 1900 to about $51,500 in 2016, an average growth rate of

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2 years ago

6

Real GDP per capita in the U.S. grew from about $6,000 in the year 1900 to about $51,500 in 2016, an average growth rate of

1.9%. If the U.S. economy continues to grow at this rate, how many years will it take for real GDP per capita to double? If the U.S. government is able to stimulate the economy such that real GDP grows at a rate of 2.2%, how many fewer years would it take for real GDP per capita to double at this higher rate?

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