Per capita real GDP is a measure of
A) economic welfare.
B) cost of living standards.
C) cultural harmony.
D) productive activity.

Name: Per capita real GDP is a measure of A) economic welfare. B) cost of living standards. C) cultural harmony. D) productive activity.
Brand: Quizplus
Rating: 5.0 (42 reviews)

Question

Quizplus · Accepted Answer

Per capita real GDP measures the average economic output per person, reflecting the productive activity of an economy. It does not directly measure economic welfare, cost of living, or cultural harmony.

Per Capita Real GDP Is a Measure of