Economists Frequently Use GDP Per Capita to Reflect

question 82

Multiple Choice

Economists frequently use GDP per capita to reflect:

• A) the impact of prices on GDP.
• B) differences in living standards across countries.
• C) people who are employed.
• D) both people who are employed and those who are unemployed.

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Definitions:

Monthly Instalments

Regular, typically monthly, payments made over a set period to repay a loan or purchase price.

AASB 9

The Australian Accounting Standards Board standard covering the classification, measurement, and derecognition of financial instruments.

IFRS 9

International Financial Reporting Standard 9, relating to financial instruments, covering their classification, measurement, impairment, and hedging.