The Level of Gross Domestic Product (GDP) Per Capita Measures

question 32

Multiple Choice

The level of gross domestic product (GDP) per capita measures the:

• A) average income per person in a country.
• B) the total income of a country in a given year.
• C) the average working age population in a country.
• D) the total market value of goods and services sold in a given year.

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Definitions:

Gross

Gross commonly refers to the total amount before any deductions are made, such as expenses, taxes, or discounts.

Black Market

Illegal trade of goods or services, typically to avoid taxes or regulations, or because the goods are illicit.

Bookstore

A retail establishment that primarily sells books, often offering a range of genres, including academic, recreational, and professional titles.

Supply Chain Assets

Resources and capabilities that a company manages across its supply chain, including inventory, facilities, equipment, and information systems, to support effective supply chain operations.