In 2017, real per capita gross domestic product (GDP) in the United States was roughly $53,357. In 2018, real per capita GDP in the United States was roughly $54,542. Therefore, between 2017 and 2018, the rate of economic growth in the United States was ________.

The rate of economic growth or the economic growth rate is the percentage change in the value of real GDP over the periods under comparison.

The real GDP measures the goods and services produced in a nation during a specific period, after removing the effects of inflation.

The economic growth rate measures the comparative health of the U.S. economy over time.

Data and Calculations:

2017's Real per Capita Gross Domestic Product = $53,357

2018's Real per Capita Gross Domestic Product = $54,542

Increase in Real per Capital Gross Domestic Product = $1,185 ($54,542 - $53,357)

The rate of economic growth or Economic Growth Rate = 2.22% ($1,185/$53,357 x 100)

Thus, between 2017 and 2018, the rate of economic growth in the United States was 2.22%.

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