The Best Available Common Measure of a Nation's Standard of Living

question 413

Multiple Choice

The best available common measure of a nation's standard of living is:

• A)nominal GDP.
• B)market GDP.
• C)real GDP per capita.
• D)nominal GDP per capita.

---

Definitions:

Psychoanalysts

Professionals who study and treat the unconscious factors that influence behaviors, thoughts, and feelings, based on the theories and methods of Freud.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories about the unconscious mind and the development of sexuality.

Fixation

In psychology, an obsessive focus or attachment to an idea, object, or person, often at the expense of the development of other aspects of one's life.

Demonstrate

To show or prove something clearly through evidence or actions.