The Best Available Measure of the Standard of Living in a Country

question 148

Multiple Choice

The best available measure of the standard of living in a country is:

• A)nominal GDP per capita.
• B)real GDP per capita.
• C)the unemployment rate.
• D)the growth rate of productivity.

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Definitions:

Reality Principle

A concept in psychoanalytic theory referring to the ability of the mind to assess the external world and act upon it accordingly, often in contrast to the pleasure principle.

Ego

In psychoanalytic theory, the part of the personality that mediates between the desires of the id and the constraints of the real world.

Superego

In psychoanalytic theory, the part of a person's mind that acts as a self-critical conscience, reflecting social standards learned from parents and others.

Ideals

Concepts or standards of perfection or excellence that are typically regarded as something to be aimed for.