Solved

Which of the Following Is Used to Calculate the Standard

Question 229

Multiple Choice

Which of the following is used to calculate the standard of living?


A) real GDP/population
B) ((real GDP in the current year - real GDP in previous year) /real GDP in previous year) × 100
C) the one-third rule
D) real GDP/aggregate hours

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q224: Since 1980, there has been substantial closure

Q225: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above

Q226: The demand for labor curve is<br>A) upward

Q227: During World War II, the increasing productivity

Q228: All of the following would stimulate economic

Q230: Which of the following ideas apply to

Q231: Real GDP equals $12 trillion and aggregate

Q232: If the population increases, then potential GDP

Q233: If the labor market is in equilibrium

Q234: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The