U.S. real GDP was $1,643.2 billion in 1948 and $11,652.8 billion in 2008. The U.S. population was

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U.S. real GDP was $1,643.2 billion in 1948 and $11,652.8 billion in 2008. The U.S. population was 146.6 million in 1948 and 304.5 million in 2008.

a. What was the annual growth rate of real GDP over this period?

b. What was the annual growth rate of real per capita GDP over this period?

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Essential Statistics Regression And Econometrics

ISBN: 9780123822215

1st Edition

Authors: Gary Smith

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Question Posted: Mar 16, 2024 12:00 PM

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U.S. real GDP was $1,643.2 billion in 1948 and $11,652.8 billion in 2008. The U.S. population was

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Essential Statistics Regression And Econometrics

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