Economists typically measure economic growth by tracking: Select one: a. the employment rate. b. the unemployment rate. c. avera

Question

3 years ago

9

Economists typically measure economic growth by tracking: Select one: a. the employment rate. b. the unemployment rate. c. avera

ged GDP growth d. real GDP per capita. economic growth. c. high rate of consumption. d. high rate of labor force growth.

Business

1 answer:

jasenka [17] · Answer 1 · 2022-01-19T09:41:33+03:00

Answer:

real GDP per capita

Explanation:

Real GDP per capital relates to the calculation of a nation's gross productive capacity, regardless of the quantity of inhabitants and accounting for inflation. This will be used to evaluate living conditions between nations but over time.

This is used by the economists majorly, all over the world, to calculate the economic growth as this is the variable which closely depicts the true picture of the economy and whether or how much the growth is enjoyed by the individuals in the economy.