Real GDP Per Capita Is Calculated as the Total

question 112

Multiple Choice

Real GDP per capita is calculated as the total

• A) nominal GDP divided by the population.
• B) real GDP divided by the nominal GDP.
• C) real GDP divided by the population.
• D) real GDP in a given year.

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Definitions:

Budget

An estimate of income and expenditure for a set period of time, often used by governments, businesses, and individuals.

Middle and Upper Classes

Middle and upper classes refer to segments of society defined by higher levels of income, education, and societal status compared to the working or lower classes.

Interest Groups

Organizations that seek to influence public policy and government actions without seeking to elect members to office, by lobbying, advocacy, and educational campaigns.

Bias

A predisposition or inclination, often unfair, towards a particular idea, group, or individual.