The standard of living in a country can be BEST measured by:
A) nominal GDP per capita.
B) real GDP per capita.
C) the productivity growth rate.
D) the business cycles.
Correct Answer:
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Q15: Use the following to answer questions:
Q16: Output per capita in the United States
Q17: Today, more than _ of the world's
Q18: Suppose that a panel of economists predicts
Q19: If a country has a population of
Q21: If real GDP doubles in 12 years,
Q22: India is growing at a rate of
Q23: India is growing at a rate of
Q24: Real GDP per capita, growing at a
Q25: India is growing at a rate of
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