What Does Real GDP Per Capita Measure

question 115

Multiple Choice

What does real GDP per capita measure?

• A) nominal GDP multiplied by population
• B) nominal GDP divided by population
• C) real GDP
• D) real GDP multiplied by population
• E) real GDP divided by population

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Definitions:

Entrepreneurship

The act of creating, developing, and managing a new business venture to profit by taking on financial, psychological, and social risks.

Myths

Traditional stories, typically involving supernatural beings or events, that serve to explain a natural or social phenomenon, or cultural beliefs.

Realities

The state of things as they actually exist, as opposed to how they may appear or might be imagined.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture.