The best measure of average income for a country is
A)Real GDP.
B)Per capita GDP.
C)The economic growth rate.

Question

Quizplus · Accepted Answer

Per capita GDP, which is calculated by dividing total GDP by the population, gives the average income per person in a country and is therefore the best measure of average income. Real GDP and economic growth rate may provide information about the overall economic health of a country but do not necessarily reflect per person income.

The Best Measure of Average Income for a Country Is