What Does GDP Per Capita Measure

question 32

Multiple Choice

What does GDP per capita measure?

• A) the sum of domestic goods, after the Gini coefficient is taken into account
• B) the projected level of development multiplied by the current wealth of a country
• C) the monetary value of the people, resources, and industrial output of a country
• D) total of the value of goods and services produced by a national economy divided by its population
• E) the amount of international trade that takes place for a country in a given year

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Definitions:

Drawer

In financial terms, the individual or entity that writes and signs a cheque or draft, instructing a bank to pay a specified sum of money from the drawer's account.

Drawee

The party directed by a draft or check to pay a certain amount of money, typically a bank.

Payee

The individual or entity to whom money is paid or owes to be paid.

Negotiable Instrument

A negotiable instrument is a written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the characteristic of being transferable by endorsement or delivery.