Real GDP per person
A) minus real GDP per person from the previous period equals the growth rate of real GDP per person.
B) provides more meaningful comparisons across time and countries than real GDP.
C) provides a less useful measure of the standard of living than nominal GDP per person.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

Real GDP per person accounts for inflation and population, offering a more accurate measure of economic performance and living standards over time and across countries compared to nominal GDP.

Real GDP Per Person