# The key measure used to track economic growth is:

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10/21/2017 Graded Homework - Chapter 24 History for 'Graded Homework - Chapter 24' Item: Graded Homework - Chapter 24 Score: (Calculated) scaled to Due: Sunday, October 22, 2017 11:59 PM Submitted: Saturday, October 21, 2017 10:51 AM Answers: 1. The key measure used to track economic growth is: real GDP per capita. nominal GDP. real GDP. nominal GDP per capita.
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2. U.S. real GDP per capita in 2010 was _____ as much per person as in 1900.
3. The rule of 70 is most useful in:
4. Scenario: Growth Rates Suppose that real GDP per capita of the United States is \$32,000 and its growth rate is 2% per year. Real GDP per capita of China is \$4,000, and its annua 7%. Reference: Ref 9-3 (Scenario: Growth Rates) Look at the scenario Growth Rates. According to the rule of 70, how large will China's real GDP per capita be in 20 years?
5. Productivity is declining when: the number of hours worked exceeds the number of workers. population growth exceeds real GDP growth. the ratio of adult civilians employed outside the home rises. real GDP growth exceeds the population growth.
6. The skills, training, and education possessed by workers that contribute to economic growth are known as: