Which of the Following Is a True Statement Concerning Economic

question 222

Multiple Choice

Which of the following is a true statement concerning economic growth?

• A) Changes in per capita nominal GDP are used to measure economic growth because population growth can distort the figures and we want to use the nominal amounts since that is what people identify with.
• B) Changes in per capita nominal GDP are used to measure economic growth, but there are serious problems concerning the desirability of using figures that do not account for pollution and urban sprawl.
• C) Changes in per capita real GDP are used to measure economic growth because this accurately measures all the differences in living standards across countries.
• D) Changes in per capita real GDP are used to measure economic growth because inflation and population growth can distort nominal GDP figures or total GDP figures.

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Definitions:

Liaison Role

A function in which an individual acts as an intermediary or connector between different departments, organizations, or groups to facilitate communication and coordination.

Decentralization

The distribution of decision-making power and authority away from a central authority to more local or individual actors within an organization or system.

Standardization of Skills

The process of establishing and promoting certain skills as norms or requirements, ensuring a consistent skill set across individuals in a domain.

Standardization of Outputs

The process of making the products, services, or results produced by a system or organization uniform in quality and specification.