To measure the growth of the average standard of living over time, we
A. measure and compare inflation rates.
B. look at the growth in human capital.
C. look at the aggregate production function.
D. look at the change in real GDP per capita.
Answer: D
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A) $12,000 B) $8,000 C) $6,000 D) $4,000 E) $2,000
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Answer the following statement true (T) or false (F)
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What will be an ideal response?
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What will be an ideal response?