As discussed in this chapter, real GDP per capita in the United States grew from about $6,300

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As discussed in this chapter, real GDP per capita in the United States grew from about $6,300 in 1900 to about $56,700 in 2018, which represents an average annual growth rate of 1.9 percent. 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 government economic policies meant to stimulate economic growth result in the annual growth rate increasing to 2.2 percent, how many years will it take for real GDP per capita to double?

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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