Of the Variables Listed Below, the Best Measure of a Nation's

question 41

Multiple Choice

Of the variables listed below, the best measure of a nation's average material standard of living is

• A)percent change in nominal GDP.
• B)per capita real GDP.
• C)nominal GDP.
• D)real GDP.
• E)per capita nominal GDP.

---

Definitions:

Courts of Equity

Specialized courts that apply principles of equity, rather than strict rules of law, to decide cases and provide remedies.

English Courts

The judicial system of England and Wales, comprising various levels of courts, including the Supreme Court, Court of Appeal, and High Court.

Remedies

Legal means of enforcing a right or redressing a wrong, including compensatory damages and injunctions.

Early English Courts

The judicial institutions in England from ancient times until the modern era, developing the foundations of common law.