Of the Following,the Most Often Used Measure of Changing Living

question 61

Multiple Choice

Of the following,the most often used measure of changing living standards is

• A)the growth rate of nominal GDP.
• B)the growth rate of real GDP.
• C)the growth rate of nominal GDP per capita.
• D)the growth rate of real GDP per capita.
• E) unemployment per capita.

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Definitions:

Confidence Interval

A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.

Sample Mean

The average of a set of numerical values taken from a sample, intended to estimate the population mean.

Confidence Interval

A statistical range, with a given probability, that is likely to contain the true value of an unknown population parameter.

Population Parameter

A value that accurately represents a particular characteristic of an entire population.