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

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Business

Josue Tyler

9 November, 20:14

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

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Alma Carney · 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.