GDP per capita more than quadrupled between 1941 and 2012.
GDP per capita (Gross Domestic Product divided by number of people in the country) is the overall metric economists use to measure a country’s standard of living.
GDP per capita in the United States generally doubles about every 25 years in the US. This can be seen tangibly in the broad array of goods and services that we have available to us today that our parents and grandparents did not.
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