Business, 10.04.2020 21:17 alexalvarez304

Real GDP per capita in the United States grew from about$6,000 in 1900 to about $47,041 in 2009, which represents an annual growth rate of 1.91 percent.

real-time data provide by federal reserve economc data (FRED), Federal Reserve Bank of Saint Louis.

a. If the United States continues to grow at this rate, it will take _36.63 year for real GDP per capita to double.

(Enter your response rounded to two decimal places.)

b. If government economic policies meant to stimulate economic growth result in the annual growth rate increasing to

2.41 percent, it will take years for real GDP per capita to double.(Enteryour response rounded to two decimal places.)

Answers: 1

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Real GDP per capita in the United States grew from about$6,000 in 1900 to about $47,041 in 2009, whi...