those three questions please (first one is on top question 11) The primary measure economists tend to use to measure changing living standards over time isreal GDP per capita.nominal GDP per capita.capital accumulation per capita.investment per capita.QUESTION 12If GDP grows at a rate of 2.8% per year, approximately how long will it take for GDP to double in size?O 12 years21 years23 years25 yearsQUESTION 13Suppose that nominal GDP increases by 6.5%, real GDP increases by 4.0% and the population increases by 2.0%. Real GDPper capitaO grows by 2.0% (approximately).does not change.decreases by 6.0%6.grows (in percentage terms) by more than the inflation rate.

Ans 11.The correct answer is real GDP per capita So we can say that where I think standard of living…

Answered: The primary measure economists tend to…

The primary measure economists tend to use to measure changing living standards over time is O real GDP per capita. nominal GDP per capita. capital accumulation per capita. O investment per capita.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 2P

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Question

those three questions please (first one is on top question 11)

The primary measure economists tend to use to measure changing living standards over time is
real GDP per capita.
nominal GDP per capita.
capital accumulation per capita.
investment per capita.
QUESTION 12
If GDP grows at a rate of 2.8% per year, approximately how long will it take for GDP to double in size?
O 12 years
21 years
23 years
25 years
QUESTION 13
Suppose that nominal GDP increases by 6.5%, real GDP increases by 4.0% and the population increases by 2.0%. Real GDP
per capita
O grows by 2.0% (approximately).
does not change.
decreases by 6.0%6.
grows (in percentage terms) by more than the inflation rate.

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