Why, and in what sense, do the three growth rates shown in Figure 3.9 add up? FIGURE

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Why, and in what sense, do the three growth rates shown in Figure 3.9 add up?

FIGURE 3.9 U.S. Population, GDP, and Per Capita GDP Ratio scale 3.5% Total GDP Per capita GDP 2.0% Population 1.5% 1940

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Macroeconomics

ISBN: 978-0393603767

4th Edition

Authors: Charles I. Jones

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Question Posted: Oct 04, 2018 12:14 PM

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Why, and in what sense, do the three growth rates shown in Figure 3.9 add up? FIGURE

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FIGURE 3.9 U.S. Population, GDP, and Per Capita GDP Ratio scale 3.5% Total GDP Per capita GDP 2.0% Population 1.5% 1940 1880 1900 1920 1960 1980 2000 Year Sources: Angus Maddison, "Statistics on World Population, GDP and Per Capita GDP, 1 AD-2006 AD," and the Bureau of Economic Analysis.

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Macroeconomics

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