A. Real GDP per capita
B. Real GDP
C. Real GDP population
D. Real GDP plus depreciation
Related Mcqs:
- Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?
A. foreign; domestic
B. current year; base year
C. domestic; foreign
D. base year; current year
E. intermediate; final - The disease burden could be measured by calculating _________ combining years lost through premature death and from living with disability?
A. mortality-adjusted lifelong
B. premature living age
C. life mortality-fertility ratio
D. disability-adjusted life years - Workers in Western Europe enjoy a high standard of living because ?
A. the countries of Western Europe have set high minimum wage rates.
B. Unions in Western Europe keep the wage high
C. none of these answers.
D. The countries of Western Europe have protected their industries from foreign corporation
E. Workers in the united states are highly productive - Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?
A. Cost of living
B. Basic requirement
C. Cost of life
D. None of the above - The standard of living in a country is represented by its ?
A. National income
B. Per capita income
C. Poverty ratio
D. None of these - Suppose your income rises from Rs19,000 to Rs31,000 while the CPI rises from 122 to 169 Your standard of living has likely ?
A. fallen
B. You can’t tell without knowing the base year
C. risen
D. stayed the same - In aukarky, when a community maximizes its standard of living, its production and consumption point is ?
A. below the production possibility frontier
B. On the production possibility frontier
C. above the production possibility frontier
D. can’t tell without more information - In autarky, when a community maximizes its standard of living its production point is ?
A. below the production possibility frontier
B. on the production possibility frontier
C. above the production possibility frontier
D. can’t tell without more information - A reasonable measure of the standard of living in a country is ?
A. real GDP per person
B. nominal GDP per person.
C. Real GDP
D. The growth rate of nominal GDP per person - Because in-kind transfers are not accounted for in standard measures of income distribution the standard measures of income distribution ?
A. accurately represent the true inequality of living standards
B. understate the inequality of living standards
C. exaggerate the inequality of living standards
D. could exaggerate of understate the inequality of living standards depending on whether the transfers are goods or services.
