What Is the Measure Most Commonly Used by Economists to Gauge

question 61

Multiple Choice

What is the measure most commonly used by economists to gauge the standard of living of a nation?

• A)capital investment
• B)labour productivity
• C)real GDP per capita
• D)real GDP

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Definitions:

Political Party

An organized group of people with similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.

Labor Party

A political party that advocates for the interests of the working class and supports labor unions, typically promoting policies like workers' rights, social welfare, and economic equality.

ACFTU

The All-China Federation of Trade Unions, the sole national trade union federation of the People’s Republic of China.

Labor Discipline

The regulation and control of workers' behavior and productivity standards in the workplace.