Question

Recessions typically hurt The most common indicator in the labor market is inflation. unemployment rate. GDP. recessions. Since 1900, what has been the long-term pattern of growth in the United States? a decrease in real GDP (gross domestic product) per capita an increase in real GDP (gross domestic product) per capita relatively constant real GDP (gross domestic product) per capita

Answer 1

An increase in real GDP (gross-domestic product) per capita

Step-by-step explanation:

There has been an increase in real GDP since 1900. Data shows an increasing long-term pattern that accelerated, in a huge magnitude, in 1975, which means that GDP began to increase more than before. From 2002 to 2008, real GDP accelerated in a non-depreciable magnitude, but in 2009 there was a recession caused by the financial crisis and because of the explosion of the property bubble. Since 2009 until 2018, real GDP has been increasing.