Asked by
Jonnah Maicah
on Dec 17, 2024
Verified
Over the period 1890-2014, Japan experienced a 2.59 percent average annual growth rate of real GDP per person.
Real GDP
The calculation of a nation's total economic output accounting for price level changes over time, to represent the real value of all produced goods and services using stable prices.
Annual Growth Rate
The percentage change in the value of a particular economic variable over the course of a year, indicative of the variable's expansion or contraction over time.
- Understand the historical trends in real GDP per person growth rates globally.
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ZC
Learning Objectives
- Understand the historical trends in real GDP per person growth rates globally.