Of the following,the most often used measure of changing living standards is
A)the growth rate of nominal GDP.
B)the growth rate of real GDP.
C)the growth rate of nominal GDP per capita.
D)the growth rate of real GDP per capita.
E) unemployment per capita.

Question

Quizplus · Accepted Answer

Real GDP per capita is a measure of economic output per person adjusted for inflation. It takes into account changes in the price level and is therefore a better measure of changing living standards than nominal GDP or unemployment per capita.

Of the Following,the Most Often Used Measure of Changing Living