A Criticism of GDP Per Capita Is That It

question 291

Multiple Choice

A criticism of GDP per capita is that it

• A) is hard to calculate.
• B) might not fully reflect the standard of living of a typical citizen.
• C) reduces the effect of outliers skewing averages.
• D) is only a hypothetical concept that cannot be measured.

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Definitions:

Transactions

Economic events that require recording in the financial statements because they affect assets, liabilities, or equity.

Common Stock

A type of equity security representing ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.

Dividends

Financial distributions made to shareholders by a company, often as a portion of its earnings.

Salaries

Regular payments made to employees for their services during a specified period.