An increase in living standards is measured by which of the following?
A) The number of workers employed.
B) The number of televisions in a household.
C) The increase in GDP.
D) The increase in real GDP per capita.

Question

Quizplus · Accepted Answer

We want to look at the change in GDP per capita adjusted for inflation, in other words, we are interested in the increase in real GDP per capita.

An Increase in Living Standards Is Measured by Which of the Following