If real GDP per capita measured in 2009 dollars was $6,000 in 1950 and $48,000 in 2018, we would say that in 2018, the avera

Question

nataly862011 [7]

3 years ago

5

If real GDP per capita measured in 2009 dollars was $6,000 in 1950 and $48,000 in 2018, we would say that in 2018, the avera

ge American could buy ________ times as many goods and services as the average American in 1950.A. 1/8 times.B. 8 times.C. 4 times.D. 12 times.

Business

1 answer:

babunello [35] · Answer 1 · 2022-03-27T19:55:46+03:00

Answer:

The correct answer is (B)

Explanation:

Gross domestic product is the economic value of goods and commodities produced within the country in a specific period. GDP per capita is calculated by dividing GDP by the total number of population. In 1950 the GDP of American was 6000$, and in 2013 it was 48000$.

6000$ * 8 =48000$

An average American could buy 8 times more than the average American in 1950.

If real GDP per capita measured in 2009 dollars was​ $6,000 in 1950 and​ $48,000 in​ 2018, we would say that in​ 2018, the avera

If real GDP per capita measured in 2009 dollars was $6,000 in 1950 and $48,000 in 2018, we would say that in 2018, the avera