Answer the following statements true (T) or false (F)

1) A nation that realizes a 3 percent increase in its output per person is experiencing modern
economic growth.
2) Output per person has grown steadily since the beginning of the Roman Empire.
3) China's GDP per person in 2011 was about one-third of U.S. GDP per person in the same
year.
4) Economists refer to purchases of stocks and bonds as "investment."

1) T
2) F
3) F
4) F