In 1961,real GDP Totaled $575 Billion and in 2011 It

question 30

Multiple Choice

In 1961,real GDP totaled $575 billion and in 2011 it totaled $1,255 billion.Between 1961 and 2011,the population increased from 50 million to 100 million.Between 1961 and 2011,the standard of living based on real GDP per person

• A)increased from $11,500 to $12,550.
• B)increased by over 300 percent.
• C)increased by about 118 percent.
• D)decreased from $125,500 to $28,750.
• E)decreased by 9 percent.

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Definitions:

Entirety

The whole of something, complete and total without exclusion of any part.

Theoretical Normal Distribution

A statistical concept that describes how values of a variable are distributed in a way that most of the observations cluster around the mean, forming a symmetrical bell-shaped curve.

Edges

The boundary or limit of a surface; in a broader sense, it can relate to a competitive advantage in a business context.

Curve

In mathematics and various disciplines, a continuous and smooth line with no sharp angles, representing a path or graph of a function.