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. This is because of much lower levels of GDP per capita in USA than in Japan around the second world war time.

Start your answer by selecting one of the options – “True”, “False” or “Uncertain” and then provide arguments to justify your selection (be brief and concise and present your arguments in 100 or less words). You need to ensure your assumptions are clear, reasonable and explicit if making any.

Answer 1

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. This is because of much lower levels of GDP per capita in USA than in Japan around the second world war time.

Answer is - "True"

After Second World War II USA GDP per capita has grown at a much slower rate in compared to Japan, because in USA Collapse in equity prices and falling Financial institutions influential observation have speculate growth in the U.S.

USA GDP Per Capita Rate was 2.7% after world war II, and Japan rate was 7%,

After World War II Japan GDP per capita increase Fast Compare to USA and Britain, because Japan is depend on Foreign Countries technology, which is related to Manufacturing, they import Technology for it, after World War II they import same Technology for manufacturing and because of that their GDP per capita rate increase Fast., And US grown slowly.