The Long-Run Average Growth Rate of Real Gross Domestic Product

question 88

Multiple Choice

The long-run average growth rate of real gross domestic product (GDP) in the U.S.economy is about

• A) 2 percent.
• B) 3 percent.
• C) 5 percent.
• D) 10 percent.
• E) 1 percent.

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Definitions:

Diversity of Citizenship

A legal principle allowing the federal courts in the United States to hear cases where the parties are citizens of different states or a foreign country.

Federal Questions

Legal issues revolving around the interpretation of the U.S. Constitution, federal laws, or treaties, which federal courts are authorized to resolve.

Ethnicity

A social group that shares common cultural traits, such as language, religion, or ancestral origins.

Exclusive Jurisdiction

The sole authority of a particular court to adjudicate a case, with no other court having the same power.