In General, the Growth in Real GDP Per Capita in the U.S

question 24

Multiple Choice

In general, the growth in real GDP per capita in the U.S.:

• A) was smaller than the growth of per capita oil consumption before 1973.
• B) fluctuated above and below the growth of per capita oil consumption before 1973.
• C) was greater than the growth of per capita oil consumption after 1973.
• D) was smaller than the growth of per capita oil consumption after oil prices began to increase in 2004.

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Definitions:

Resources

Assets or inputs used in the production of goods and services, such as land, labor, capital, and entrepreneurship.

Federal Government's Tax Revenues

The income received by the federal government from taxes which can include income taxes, corporate taxes, and other kinds of taxes.

Personal Income Taxes

These taxes are levied on individuals' income by governments, including wages, dividends, and interest earnings.

Federal Personal Income Tax

A tax levied by the federal government of the United States on the income of individuals, including wages, salaries, and investment incomes.