Which of the Following Is a TRUE Statement Concerning Economic

question 150

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:

Killed

The action of causing the death of a living entity, whether intentionally or unintentionally.

Duty

An obligation or responsibility to act in a certain way, often imposed by law, social norms, or professional standards.

Double Indemnity

A clause in a life insurance or accident policy that entitles the beneficiary to receive twice the face value of the policy in the event of accidental death.

Construction Accident

An unexpected event occurring on a construction site that leads to injury or damage.