From the list below the best measure of growth in per capita productive capacity is:
A) increases in society's total output.
B) changes in the output per unit of labour input.
C) output per capita.
D) increases in society's level of national income.
Correct Answer:
Verified
Q1: The statistic most frequently used by economists
Q2: Measuring a nation's gross domestic product over
Q3: Real GDP per capita estimates are used
Q4: Between 1950 and 2004, the average annual
Q6: Economic growth:
A) does not affect living standards.
B)
Q7: Small differences in growth rates eventually produce
Q8: Growth of per capita output occurs when:
A)
Q9: With the economy at potential output, economic
Q10: Which of the following statements is false?
A)
Q11: Growth accounting attempts to measure the factors
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