What is the best measure of economic growth and standards of living in a country?
A) nominal GDP
B) nominal GDP per capita
C) real GDP
D) real GDP per capita
Correct Answer:
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Q1: What is the single most important factor
Q2: How much faster does it take for
Q3: Which of the following factors would be
Q5: In the following PPF, between which two
Q6: The provision of Pell Grants and the
Q7: Which of the following is NOT an
Q8: In the following PPF, between which two
Q9: If an economy is growing at 10%,
Q10: If real GDP increased from $10 billion
Q11: An example of a less tangible component
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