The growth rate of per capita real GDP is a reasonable measure of

Question

Quizplus · Accepted Answer

The growth rate of per capita real GDP measures the increase in the total output of goods and services per person in an economy, indicating the level of productive activity. It does not determine inflation or personal well-being, although it can have an indirect effect on both. The measure only captures economic activity and does not reflect other factors that contribute to the quality of life.

The Growth Rate of Per Capita Real GDP Is a Reasonable