From 1900 to 2013,real GDP Per Person Has Had Two

question 27

Multiple Choice

From 1900 to 2013,real GDP per person has had two important attributes.

• A)It has grown substantially over time and there are small differences from country to country.
• B)It has grown unevenly over time in the U.S.but it has grown substantially.
• C)It has grown evenly over time in the U.S.and there are huge differences from country to country.
• D)It has fluctuated around a trend in the U.S.but it has not grown much for all the Southeast Asian countries.
• E)It has doubled in the U.S.but there have been many recession periods.

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Definitions:

Government Purchases

Expenditures made by the government for goods and services that directly satisfy public consumption, investment, or need.

Federal Level

Pertaining to the national government of a country, as opposed to state, local, or municipal levels.

State Level

Refers to governmental and administrative functions that are conducted at a sub-national level, typically involving state or provincial governments within a country.

Temporary Tax Cut

A reduction in taxation rates or an increase in deductions that is implemented for a limited period of time to stimulate economic growth or provide relief during economic downturns.