The rate of growth in real GDP minus the rate of growth of the population is the

Question

Quizplus · Accepted Answer

The rate of growth in real GDP minus the rate of growth of the population gives us the rate of growth of per capita real GDP, which measures how much economic output is produced per person in the population. It is an important indicator of living standards and economic well-being. A is incorrect because nominal GDP includes inflation and does not account for changes in the population size. B is incorrect because unemployment rate is a measure of the percentage of the labor force that is unemployed and does not account for changes in real GDP or population growth. C is incorrect because population growth rate only measures the percentage change in population size and does not account for changes in real GDP or living standards.

The Rate of Growth in Real GDP Minus the Rate