Which of the Following Is a Good Gauge of Economic

question 2

Multiple Choice

Which of the following is a good gauge of economic progress?

• A)the level of real GDP per person,but not the growth rate of real GDP per person
• B)the level of real GDP per person and the growth rate of real GDP per person
• C)the growth rate of real GDP per person,but not the level of real GDP per person
• D)neither the level nor the growth rate of real GDP per person

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Definitions:

Advantages

Advantages are beneficial aspects or competitive edges that a business or entity has over others in its field or market.

Disadvantages

The unfavorable conditions or attributes that lead to a decrease in effectiveness, efficiency, or benefit.

Trust Receipt

A notice provided by the bank to a buyer who has taken out a short-term loan to purchase goods, with the bank holding the title to those goods until the loan is repaid.