Which of the Following Would Be Most Appropriate for the Measurement

question 81

Multiple Choice

Which of the following would be most appropriate for the measurement of differences in the average standard of living of people at different points in time?

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

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Definitions:

Randomly

Implemented or occurring without a definite pattern, order, or purpose, often used to minimize bias in experimental designs.

Evolution Theory

A scientific explanation for the diversity of life on Earth, proposing that species evolve over generations through processes of natural selection and genetic variation.

General Population

Refers to the total group of individuals or the public in a country or a specific area, excluding any specific subgroups.

Percentage

A proportion or share in a larger whole, expressed as a fraction of 100.