The Variable Used to Measure Economic Growth Is

question 28

Multiple Choice

The variable used to measure economic growth is

• A) the growth of the money supply.
• B) the trade surplus.
• C) the growth in per capita real GDP.
• D) the number of new jobs created.

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Definitions:

Noncash Transfers

Types of government assistance such as food stamps and housing vouchers that provide benefits other than direct cash payments.

Income Inequality

Income inequality refers to the unequal distribution of income among a population, often measured using various statistical methods to illustrate disparities in wealth.

Housing Subsidies

Financial assistance provided by a government or organization to help individuals or families afford housing, typically to reduce housing expenses to a manageable level.

Low-Income Households

Low-income households are those whose total income falls below a certain threshold, designated by governmental policies, indicating they earn significantly less than the country's median or average household income.