In the u. s. economy today, real gdp per person, compared with its level in 1900, is about:

It is about eight times high.  Gross domestic product is the monetary measure of all goods and services produced by a country within a given period of time. It is an important measure of an economy of a given state or nation. There are two types of GDP , that is the nominal GDP and the real GDP. Real GDP is the total income of everyone in the economy adjusted for the level of base year prices.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan