Economists frequently use GDP per capita to reflect:
A) the impact of prices on GDP.
B) differences in living standards across countries.
C) people who are employed.
D) both people who are employed and those who are unemployed.

Question

Quizplus · Accepted Answer

GDP per capita is calculated by dividing the GDP of a country by its population. This provides a measure of the average output per person in the country. It helps in understanding the differences in living standards across countries. It does not reflect the impact of prices on GDP or the employment status of people.

Economists Frequently Use GDP Per Capita to Reflect