Which of the following is the most widely accepted measure of economic growth over time?

A) decline in real interest rates

B) increases in the available labor supply

C) increases in real per capita

D) GDP inflation

Question

Business

Josue Allison

4 November, 20:29

Which of the following is the most widely accepted measure of economic growth over time?

A) decline in real interest rates

B) increases in the available labor supply

C) increases in real per capita

D) GDP inflation

+1

Answers (1)

Know the Answer?

Jaydin Ramos · Answer 1

C) Increases in real per capita

Explanation:

The real GDP per capita is the measurement of comparing standard of living with other countries over a period of time. It is an important indicator of countries' performance and growth. It does not include income distribution in the country. Humen well being in the country is the indicator of economic growth. The real GDP per capita increases in an economy whose growth of aggregate real output is faster than the total population. It is calculated on countries' total output divided by number of people and inflation is adjusted.

Which of the following is the most widely accepted measure of economic growth over time?A) decline in real interest ratesB) increases in the available labor supplyC) increases in real per capitaD) GDP inflation

Which of the following is the most widely accepted measure of economic growth over time?

A) decline in real interest rates

B) increases in the available labor supply

C) increases in real per capita

D) GDP inflation