5. In 2013, the average person’s income in Iceland was $41,000. This is an example of what type of economic measurement? A. Real GDP B. Per capita GDP C. The rule of 72 D. Nominal GDP
5. In 2013, the average person’s income in Iceland was $41,000. This is an example of what type of economic measurement? A. Real GDP B. Per capita GDP C. The rule of 72 D. Nominal GDP
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 6CQQ
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5. In 2013, the average person’s income in Iceland was $41,000. This is an example of what type of economic measurement?
A. Real GDP
B. Per capita GDP
C. The rule of 72
D. Nominal GDP
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