A constant rate of U.S. economic growth over a given period of years would involve
A) adding the same amount of real dollars to real GDP per capita each year.
B) compounding the percentage increase in real GDP per capita over the years.
C) adding the same amount of nominal dollars to real GDP per capita each year.
D) None of the above are correct.
B
Economics
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Which of the following will tend to cause an increase in technology?
A) increases in human capital B) an increase in research and development expenditures C) the development of new ideas D) all of the above
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U.S. exports
a. represent approximately 50 percent of GDP b. represent approximately 35 percent of GDP c. represent approximately 11 percent of GDP d. consist primarily of agricultural commodities e. consist primarily of metals and other raw materials
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