What Percentage of the Current US Population Live in Cities

question 11

Short Answer

What percentage of the current US population live in cities or urban areas? How has this changed over time?

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Definitions:

Production Inefficiency

A situation where resources are not utilized in the best possible manner, resulting in wasted potential output.

Production Possibility Frontier

A graphical representation that shows the maximum combination of two goods or services that can be produced within a given time period, given available resources and technology.

Economic Growth

A growth in an economy's ability to generate goods and services when comparing two different time periods.

Unemployment

A condition where people who are willing to work at prevailing wage rates cannot find employment.