Between the 1921 recession and 1929, the U.S. economy was described as

Between the 1921 recession and 1929, the U.S. economy was described as healthy. Which of the following changes in economic indicators is correctly stated and supports this claim?

(a) Real Gross Domestic Product (RGDP) increased per capita
(b) There were increases in real income but they were more
unequally distributed
(c) Consumer spending on credit increased dramatically
(d) There was a decline in total building construction

ANSWER

(a)