What is the measure most commonly used by economists to gauge the standard of living of a nation?
A) capital investment
B) labour productivity
C) real GDP per capita
D) real GDP
Correct Answer:
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Q1: Which of the following statements about economic
Q2: How does economic growth impact the output
Q4: Which of the following is a measure
Q5: What do economists typically track to measure
Q6: Given a constant rate of growth of
Q7: What is the best way to measure
Q8: What is another term for how much
Q9: Which economist is given credit for stating
Q10: In which direction will improvements in and
Q11: What will cause the standard of living
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