Which of the following is used to calculate the standard of living?
A) real GDP/population
B) real GDP/aggregate hours
C) the one- third rule
D) ((real GDP in the current year - real GDP in previous year) /real GDP in previous year) x 100
Correct Answer:
Verified
Q3: Suppose a nation's population grows by 2
Q4: The Rule of 70 is used to
A)
Q5: If a nation's population grows, then,
A) there
Q6: In 2005, Armenia had a real GDP
Q7: In 2005, Armenia had a real GDP
Q9: The best definition for economic growth is
A)
Q10: We are interested in long- term growth
Q11: In 2005, Armenia had a real GDP
Q12: In 2005, Armenia had a real GDP
Q13: Using the Rule of 70, if the
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