Real GDP per capita in the United States grows over time. True False

True! Over the long term, real GDP per capita in the United States tends to grow, reflecting improvements in productivity, technological advancements, and increases in living standards. This growth is not uniform, however; it can experience fluctuations during economic cycles, but the overall trend has generally been upward since the mid-20th century. One key reason for this growth is innovation. As new technologies are developed and adopted, they create more efficient ways of producing goods and services, which can boost economic output without requiring a proportional increase in labor or resources. This also contributes to higher wages and better job opportunities over time!