Figure 22.5 on page 744 shows growth rates in real GDP per hour worked in the United

Question:

Figure 22.5 on page 744 shows growth rates in real GDP per hour worked in the United States for various periods from 1800 onward. How might the growth rates in the figure be different if they were calculated for real GDP per capita instead of per hour worked?
Growth rate of real GDP per hour worked 3.0% 2.6% 2.5 2.4% 2.2% 2.0 1.5% 1.5 1.3% 1.2% 1.0 0.5 1800-1900 1900-1949 1950-
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

Question Posted: