All the following statements are correct except:
A) per capita real GDP is often used as a measure of a nation's standard of living.
B) a changing distribution of income does not affect per capita GDP.
C) in a comparison of per capita real GDP over time, changing population growth does not affect the measure.
D) growth per capita real GDP is often used as a measure of a nation's changing standard of living.

Question

Quizplus · Accepted Answer

Per capita real GDP is calculated by dividing the real GDP by the population size. Therefore, changes in population growth directly affect the measure of per capita real GDP, making statement C incorrect.

All the Following Statements Are Correct Except