In the u. s. economy today, real gdp per person, compared with its level in 1900, is аbout:

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Business

Zion Daniels

12 June, 18:22

In the u. s. economy today, real gdp per person, compared with its level in 1900, is аbout:

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German Mcguire · Answer 1

It is about eight times high. Gross domestic product is the monetary measure of all goods and services produced by a country within a given period of time. It is an important measure of an economy of a given state or nation. There are two types of GDP, that is the nominal GDP and the real GDP. Real GDP is the total income of everyone in the economy adjusted for the level of base year prices.