The key indicator of a country's living standard and economic well-being is:
A)the interest rate.
B)nominal GDP per person.
C)real GDP.
D)real GDP per person.

Name: The key indicator of a country's living standard and economic well-being is: A)the interest rate. B)nominal GDP per person. C)real GDP. D)real GDP per person.
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Question

Quizplus · Accepted Answer

Real GDP per capita indicates how much the average person produces and thus, how much goods and services are available to the typical person.

The Key Indicator of a Country's Living Standard and Economic