3 ms·
GDP growth rates are generally reported "real" i.e. inflation is taken out. But yes you want GDP to grow at least as fast as population to maintain a given stan
by mactrey 7y ago
GDP growth rates are generally reported "real" i.e. inflation is taken out. But yes you want GDP to grow at least as fast as population to maintain a given standard of living. The US population growth rate has been below 2% since at least the mid-70s.