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:

Dynamic

Characterized by constant change, activity, or progress, often in a positive way.

16 PF Test

A psychological assessment tool comprising 16 personality factors, used to understand an individual's personality traits.

Measures

Tools or instruments used to assess, evaluate, or quantify certain variables or phenomena in research.

Factors

Variables or elements that contribute to a result or condition; these can be environmental, psychological, social, or biological in nature.