Which of the following is a measure of economic growth that is most useful for comparing living standards?

Question

Quizplus · Accepted Answer

Increases in real GDP per capita are the most useful measure of economic growth for comparing living standards because it reflects the amount of economic output per person in a country, which is a better indicator of how well citizens are doing financially compared to nominal GDP or real GDP growth alone. Unemployment rates can also be a helpful measure of economic health, but it does not provide information about the standard of living.

Which of the Following Is a Measure of Economic Growth