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Question 60
Over the last 60 years, the average annual growth of real GDP in the United States has been approximately
(1) 3 percent.
(2) 9 percent.
(3) 5 percent.
(4) 1 percent.
(1)
(1)

Ask by Wheeler Frank. in Cayman Islands
Mar 31,2025

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The average annual growth of real GDP in the United States over the last 60 years has been approximately 3%.

Solución

  1. The long‐term average annual growth rate of real GDP in the United States over the past 60 years is about .
  2. This rate reflects the compounded increase in the country’s economic output when adjusted for inflation.
  3. Among the options provided:
    • Option (1) corresponds to ,
    • Option (2) corresponds to ,
    • Option (3) corresponds to ,
    • Option (4) corresponds to .
  4. Therefore, the correct answer is option (1), .

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Extra Insights

Over the last 60 years, the average annual growth of real GDP in the United States has hovered around 3 percent. This figure reflects the economy’s resilience and capacity for growth despite various challenges and downturns, from oil crises to financial crashes. It’s a testament to the dynamic nature of the American economy!
For real-world application, understanding this growth rate can help individuals and businesses make informed decisions about investments and long-term financial planning. If you’re an entrepreneur or investor, keeping an eye on GDP growth trends can guide your strategy, helping you identify optimal times to expand or invest in new ventures. Knowing this figure might even give you a sense of optimism for the future!

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