Which of the following measures is often a good indicator of a country's economic health because it is adjusted for the population size of each country?
A) per capita GDP (gross domestic product)
B) GDP (gross domestic product)
C) purchasing power parity
D) standard of living
E) inflation rate

Question

Quizplus · Accepted Answer

Per capita GDP (gross domestic product) is a measure of a country's economic output that accounts for the total GDP divided by the population size, indicating the average income or economic well-being of each person in the country. It is a good indicator of a country's economic health because it considers the size of the population, providing a more accurate depiction of the economic situation than GDP alone.

Which of the Following Measures Is Often a Good Indicator