It is preferable to use real GDP per capita, as opposed to GDP per capita or real GDP, as an indicator as to how an economy grows over time.

Question

Quizplus · Accepted Answer

Real GDP per capita takes into account inflation and population growth, providing a more accurate representation of the standard of living and economic growth. GDP per capita only takes into account the total output divided by population and does not account for inflation. Real GDP only takes into account inflation and not changes in population.

It Is Preferable to Use Real GDP Per Capita, as Opposed