Which of the following statements is true?
O In the foreseeable future, real GDP will grow slower than the U.S. population
H
O Based on past economic performance, it is likely that standards of living in the U.S. will fall
during the early part of the 21st century
O In economics, the past is a very poor predictor of the future
O The rate of economic growth does not affect individual people
2
Real per capita GDP will likely increase in the near future due in part to the slowdown in the
rate of population growth