Which of the following is a common way of measuring the average standard of living?
A) The unemployment rate plus the inflation rate
B) Real GDP divided by the price level
C) The unemployment rate multiplied by the population
D) Real GDP divided by the population
E) Inflation rate divided by the population
Correct Answer:
Verified
Q11: Rich countries (measured by GDP per capita)tend
Q12: Gross Domestic Product (GDP)per capita is
A) GDP
Q13: According to the classical model,total employment will
Q14: If labor supply decreases,what will happen to
Q15: Economic growth is defined as a long-run
Q17: Thomas Malthus argued that population grows geometrically
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents