In terms of economic growth, the key measure of the standard of living is

A) real GDP.
B) nominal GDP.
C) real GDP per capita.
D) nominal GDP per capita.

Answer: C

Economics

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The long-run neutrality of money refers to the fact that in the long run, monetary policy

A) changes only real output. B) changes only the real interest rate. C) changes both real output and the real interest rate. D) has no effect on either real output or the real interest rate.

Economics

The hallmark of Clintonomics was first to reduce the budget deficit

a. True b. False Indicate whether the statement is true or false

Economics