In terms of economic growth, the key measure of the standard of living is
A) real GDP per capita. B) real GDP.
C) nominal GDP. D) nominal GDP per capita.
A
Economics
You might also like to view...
Define "externality." Give an example of an external cost. Explain why resources will not be allocated efficiently if externalities are present. How can the problem of externalities be addressed?
What will be an ideal response?
Economics
Suppose you had information on the sales of similar homes just east and just west of the boundary between two school districts. How could you use those data to estimate the value parents place on the quality of their children's schools?
What will be an ideal response?
Economics