The best measure of economic growth adjusted for the population of a nation is the increase in:

Question

Quizplus · Accepted Answer

Real GDP per capita is the best measure of economic growth adjusted for the population of a nation as it takes into account the changes in both economic production and population growth. Real GDP per capita represents the real output per person in a country, discounting inflation. It measures the average economic well-being of the population and reflects changes in productivity of the economy. Increase in real GDP per capita over time indicates that the country is experiencing economic growth which is translating into higher standards of living for its citizens.

The Best Measure of Economic Growth Adjusted for the Population