Asked by theresa betty on May 07, 2024
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Between 1982 and 2002,U.S.GDP per capita grew at an average rate of 5.5 percent per year.
U.S. GDP Per Capita
A measure that divides the Gross Domestic Product of the United States by its total population, indicating the average economic output per person.
Average Rate
The mean value calculated by dividing the sum of rates by the number of rates, often used in finance to determine interest rates or growth rates.
Percent
Percent is a mathematical term describing a fractional number out of 100, used to denote proportions, rates, or comparisons.
- Pinpoint the historical developments and recurrent patterns in the growth of U.S. GDP and productivity.
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Learning Objectives
- Pinpoint the historical developments and recurrent patterns in the growth of U.S. GDP and productivity.
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