Real GDP per capita in the United States (as of 2007) exceeds that of France pri

Question

Real GDP per capita in the United States (as of 2007) exceeds that of France primarily because:
Question 14 options:
a) the United States had higher annual rates of growth than France from 1960 through 2007.
b) the United States has a much larger population than France.
c) the United States has a higher percentage of the working-age population in the labor force and because U.S. employees average about 20 percent more hours worked per year.
d) European Union rules severely limit France's access to technologies developed outside the region.

Explanation / Answer

Answer:(c) why the other 3 options are wrong: (a) higher annual growth rate is not essential since real GDP has to take into account inflation rates (b) a larger population actually decreases the GDP per capita (d)The EU actually promotes technological transfer and trade through the use of a strong common currency the euro

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