Per capita real GDP is a serviceable measure of
A) economic welfare.
B) cost of living standards.
C) cultural superiority.
D) productive activity.

Name: Per capita real GDP is a serviceable measure of A) economic welfare. B) cost of living standards. C) cultural superiority. D) productive activity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Per capita real GDP measures the average economic output per person, reflecting the productive activity of an economy. It does not directly measure welfare, cost of living, or cultural aspects.

Per Capita Real GDP Is a Serviceable Measure of