If real gdp per capita measured in 2009 dollars was $6,000 in 1950 and $48,000 in 2018, we would say that in 2018, the average american could buy times as many goods and services as the average american in 1950.a. 1/8 times. b. 8 times. c. 4 times. d. 12 times.

The correct answer is (B)

Explanation:

Gross domestic product is the economic value of goods and commodities produced within the country in a specific period. GDP per capita is calculated by dividing GDP by the total number of population.  In 1950 the GDP of American was 6000$, and in 2013 it was 48000$.

6000$ * 8 =48000$

An average American could buy 8 times more than the average American in 1950.

answer; normative economics;