Which of These Is the Best Measure of the Average

question 79

Multiple Choice

Which of these is the best measure of the average standard of living in an economy?

• A)The unemployment rate
• B)Nominal income
• C)Real GDP
• D)National debt
• E)Real GDP per capita

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Definitions:

Willingly

Doing something by choice or without reluctance; engaging in an action freely and voluntarily.

Death

The end of life; the total and permanent cessation of all the vital functions of an organism.

Happiness Box

A thought experiment or metaphysical concept referring to an imagined or theoretical device purported to deliver perpetual happiness to its user.

Question

An expression of inquiry that invites or calls for a response or answer.