One News Wire article is titled "What Economic Growth Has Done for U.S.Families." Living standards can best be measured using:

Question

Quizplus · Accepted Answer

GDP per capita is the best measure for living standards because it takes into account the population and provides an estimate of the average income and consumption per person. The growth rate of GDP, nominal GDP, and employment rate are also important indicators of economic performance, but they do not directly reflect the standard of living of individuals or households.

One News Wire Article Is Titled "What Economic Growth Has