If Real GDP Per Person Were Equal to $2,000 in 1900

question 141

Multiple Choice

If real GDP per person were equal to $2,000 in 1900 and grew at a one percent annual rate, what would be the value of real GDP per person 100 years later?

• A)$2,210
• B)$4,000
• C)$5,410
• D)$20,000

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Definitions:

Kohlberg's Theory

The psychological theory developed by Lawrence Kohlberg that suggests moral reasoning progresses through a series of developmental stages.

Personal Relationships

Interpersonal affiliations or associations formed between two or more individuals based on affection, trust, cooperation, or other social bonds.

Society

A structured community of people bound together by similar traditions, institutions, or nationality.

Kohlberg

Refers to Lawrence Kohlberg, a psychologist known for his theory of moral development, which suggests that moral reasoning develops in six stages.