A Benefit of Using GDP Per Capita Instead of GDP

question 28

Multiple Choice

A benefit of using GDP per capita instead of GDP is that it:

• A) takes into account the differences in wealth between rich and poor within a country.
• B) measures the effects of outliers skewing the averages.
• C) takes into account the size of the population when measuring the value of the goods and services a country produces.
• D) takes into account the environmental benefits or harm of economic activity.

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Definitions:

Critical Path

A method used in project management to identify the longest sequence of dependent tasks that determine the shortest possible duration to complete the project.

Activity Durations

The individual time periods that each task or activity within a project is expected to take from start to completion.

Critical Path Analysis

A process to find the most effective sequence of activities that helps determine a project schedule.

PERT

A method for project management, the Program Evaluation and Review Technique is utilized to plan, organize, and manage the tasks associated with a project.