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On a podcast you hear the host say that, if you take the expansions and recessions or depressions into account, and factor in inflation, real
On a podcast you hear the host say that, if you take the expansions and recessions or depressions into account, and factor in inflation, real GDP per person doesn't really change much. You stop listening because you know that in fact: Question 2 options: a) population growth has been higher than output growth. b) inflation is irrelevant when considering GDP per person. c) real GDP per person has grown on average about 2% per year. d) real GDP per person is always below its potential
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