Economists use real GDP per capita to measure economic growth:

Question

Quizplus · Accepted Answer

Real GDP per capita is the inflation-adjusted value of a country's production of goods and services corrected for the change in a country's population. This measure allows economists to compare the economic performance of different countries over time while accounting for changes in prices and population. It is a commonly used measure to track economic growth and is considered a more accurate measure than nominal GDP per capita, which does not account for inflation. Option A is incorrect because real GDP per capita does consider the effect of price changes. Option B is incorrect because it is not a relevant factor in determining the use of real GDP per capita as a measure of economic growth. Option D is incorrect because nominal GNP per capita is not a superior measure of economic growth as it does not account for changes in inflation.

Economists Use Real GDP Per Capita to Measure Economic Growth