Which of the following is the best measure of how individuals benefit from economic growth?

Question

Quizplus · Accepted Answer

Real GDP per capita is a better measure than GDP per capita or GDP since it adjusts for inflation and changes in population, providing a more accurate reflection of the standard of living and welfare of individuals in a country. An increase in real GDP per capita indicates that the average income and purchasing power of individuals in the economy have increased, signaling an improvement in their economic well-being. The rate of inflation (D) and the rate of increase in real GDP (E) are not as relevant or specific to measuring individual benefits.

Which of the Following Is the Best Measure of How