The Average Growth Rate of Output in the U

question 291

Multiple Choice

The average growth rate of output in the U.S. economy since 1900 has been

• A) 2.4%.
• B) 3.3%.
• C) 6.3%.
• D) 10.5%.

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Definitions:

Capital Intensity Ratio

A measure of the amount of capital needed per dollar of revenue, indicating the investment required for a company to maintain its current level of production.

Full Capacity

The maximum level of output that a company can sustain over a period of time without increasing the production resources.

Long-term Debt

Borrowings or financial obligations that are due for repayment over a period longer than one year.

Capital Intensity Ratio

A financial measure that indicates the amount of assets or capital required to generate a dollar of revenue, illustrating the capital efficiency of a company.