Real GDP Per Capita Measures

question 83

Multiple Choice

Real GDP per capita measures

• A) GDP less depreciation.
• B) the average income of households.
• C) the annual wages of laborers minus income tax.
• D) average output per person.

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Definitions:

Diminishing Marginal Utility

The principle that as a person consumes more of a good, the satisfaction gained from each additional unit decreases.

Apples

A type of fruit known for its sweet taste and crisp texture, coming in various colors such as red, green, and yellow.

Diminishing Marginal Utility

The principle that as a person increases consumption of a product, there is a decline in the marginal utility that person derives from consuming each additional unit of that product.

Floor Wax

Floor wax is a cleaning and polishing product used to protect and enhance the appearance of floor surfaces.