Which of the Following Statements Is True of the U

question 33

Multiple Choice

Which of the following statements is true of the U.S.economy over the past 200 years?

• A) Its GDP per capita has increased.
• B) Its GDP per capita has decreased.
• C) There has been no contraction in the economy.
• D) The growth rate of GDP has been more than 10 percent per year.

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Definitions:

Exchange Rate

The worth of one currency in terms of another for conversion purposes, showing the amount of one currency that can be swapped for a different one.