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The table lists real GDP and the population in the United States. In which year did the standard of living increase and in which year did the standard of living decrease? Explain The standard of living increased in The standard of living decreased in OA. none of the years given in the table; every year given in the table because the United States experienced a recession between 2006 and 2009 OB. 2007 because real GDP per person increased; 2008 and 2009 because real GDP per person decreased OC. 2008 and 2009 because real GDP per person increased; 2007 because real GDP per person decreased OD. every year given in the table because the standard of living is constantly increasing: none of the years given in the table Show Transcribed Text Year 2006 2007 2008 2009 Real GDP (trillions) $13.0 $13.2 $13.2 $12.8 Population (millions) 300 302 304 307

The table lists real GDP and the population in the United States. In which year did the standard of living increase and in which year did the standard of living decrease? Explain The standard of living increased in The standard of living decreased in OA. none of the years given in the table; every year given in the table because the United States experienced a recession between 2006 and 2009 OB. 2007 because real GDP per person increased; 2008 and 2009 because real GDP per person decreased OC. 2008 and 2009 because real GDP per person increased; 2007 because real GDP per person decreased OD. every year given in the table because the standard of living is constantly increasing: none of the years given in the table Show Transcribed Text Year 2006 2007 2008 2009 Real GDP (trillions) $13.0 $13.2 $13.2 $12.8 Population (millions) 300 302 304 307

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
Problem 6PA
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The table lists real GDP and the population in the United States. In which year did the standard of living increase and in which year did the standard of living decrease? Explain The standard of living increased in The standard of living decreased in OA. none of the years given in the table; every year given in the table because the United States experienced a recession between 2006 and 2009 OB. 2007 because real GDP per person increased; 2008 and 2009 because real GDP per person decreased OC. 2008 and 2009 because real GDP per person increased; 2007 because real GDP per person decreased OD. every year given in the table because the standard of living is constantly increasing: none of the years given in the table Show Transcribed Text Year 2006 2007 2008 2009 Real GDP (trillions) $13.0 $13.2 $13.2 $12.8 Ć Population (millions) 300 302 304 307
Transcribed Image Text:The table lists real GDP and the population in the United States. In which year did the standard of living increase and in which year did the standard of living decrease? Explain The standard of living increased in The standard of living decreased in OA. none of the years given in the table; every year given in the table because the United States experienced a recession between 2006 and 2009 OB. 2007 because real GDP per person increased; 2008 and 2009 because real GDP per person decreased OC. 2008 and 2009 because real GDP per person increased; 2007 because real GDP per person decreased OD. every year given in the table because the standard of living is constantly increasing: none of the years given in the table Show Transcribed Text Year 2006 2007 2008 2009 Real GDP (trillions) $13.0 $13.2 $13.2 $12.8 Ć Population (millions) 300 302 304 307
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