The critical determinant of real GDP per capita is

Question

Quizplus · Accepted Answer

GDP per capita is a measure of productivity, which is defined as output per unit of input. Therefore, the critical determinant of real GDP per capita is labour productivity (i.e. how much output can be produced with a given amount of input, specifically labour). While the size of the labour force, population, and working-age population can all impact GDP, they do not have as direct an effect on real GDP per capita as labour productivity.

The Critical Determinant of Real GDP Per Capita Is