A Benefit of Using GDP Per Capita Instead of GDP

question 62

Multiple Choice

A benefit of using GDP per capita instead of GDP is that GDP

• A) takes into account the differences in wealth between the rich and poor within a country.
• B) measures the effects of outliers skewing averages.
• C) takes into account the size of the population when measuring the value of the goods and services a country produces.
• D) takes into account the environmental benefits or harm of economic activity.

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Definitions:

Land In Common

Refers to community-owned land that is not owned privately but managed and used by a group of people collectively.

Roanoke Colony

The Roanoke Colony, also known as the Lost Colony, was an early attempt by the English to establish a settlement in North America on Roanoke Island in what is now North Carolina, which mysteriously disappeared.

Freeman Status

Historically, the designation of individuals in society who possessed full citizenship rights, often distinguished from slaves or serfs.

Landowning Church Members

Members of a church community who also own land, historically signifying a higher social and economic status within that community.