Real GDP per capita is NOT an adequate measure of the well-being of each person in an economy. average real GDP per person in the economy. a country's average aggregate output per person. a country's average aggregate spending per person.

Real GDP per capita is NOT an adequate measure of the well-being of each person in an economy. average real GDP per person in the economy. a country's average aggregate output per person. a country's average aggregate spending per person.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 4SQP

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Question

Real GDP per capita is NOT an adequate measure of

the well-being of each person in an economy.

average real GDP per person in the economy.

a country's average aggregate output per person.

a country's average aggregate spending per person.

Definition Definition Total supply of goods and services in an economy at a certain price level in a specific time period.

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