On an average, real GDP per capita has grown at a much slower rate in USA than in Japan after the second world war.

On an average, real GDP per capita has grown at a much slower rate in USA than in Japan after the second world war. This is because of much lower levels of GDP per capita in USA than in Japan around the second world war time.

Expert Solution

The answer is Uncertain.

Because slower growth rate in GDP per capita is based on numerous factors like unemployment, inflation, low consumption, lower government spending, higher taxes and interest rates which are not shared explicitly and hence difficult to compare and arrive at conclusive evidence.

Rahul Sunny answered 2 years ago

On an average, real GDP per capita has grown at a much slower rate in USA...

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Question

On an average, real GDP per capita has grown at a much slower rate in USA than in Japan after the second world war.

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