SG3historyF11

SG3historyF11 - ECON 1740 U.S. Economic History Study Guide...

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ECON 1740 U.S. Economic History Study Guide Three September 12, 2011 History of Economic Growth and Income Distribution 1. What was population of the colonies (among people of European ancestry) a. in 1660? b. in 1740? c. at the time of the American Revolution? d. What was the population growth rate in the colonies? 2. What was the level of per-capita income in 1710? How did this compare to England? 3. Define the following: a. Gross Domestic Product (GDP) b. Nominal GDP c. Real GDP d. Per capita real GDP (or per capita real output) 4. From the work of Paul David (1967). .. a. How does David define “output per worker” and “output per capita”? b. David assumes manufacturing and agricultural productivity are equal. Why? c. What factors does David need to calculate per-capita income? 5. According to the work of Paul David, how much did the economy grow before 1860? 6. According to lecture (and EH.net), in what decade did real per-capita GDP in the United States surpass: a. $1,000 b. $2,000
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This note was uploaded on 09/21/2011 for the course ECON 33974 taught by Professor Barbaraross during the Spring '09 term at Hawaii.

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SG3historyF11 - ECON 1740 U.S. Economic History Study Guide...

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