The growth rate of per capita real Gross Domestic Product (GDP) is a reasonable measure of

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The growth rate of per capita real GDP measures the increase in productive activity per person, which is a key indicator of economic growth. In contrast, inflation relates to the general increase in prices of goods and services, personal well-being is a more comprehensive measure that includes a range of factors beyond economic growth (e.g. health, education, social connections), and quality of life is an even broader measure that incorporates factors such as environment, civic engagement, and cultural activities.

The Growth Rate of Per Capita Real Gross Domestic Product