The best measure of living standards is
A. GDP per capita.
B. Investment as a percentage of GDP.
C. The ratio of current GDP to GDP in the base period.
D. GDP per worker.
Answer: A
You might also like to view...
The "rules of the game" under the gold standard can best be described as which of the following:
A) selling domestic assets in a deficit and buying assets in a surplus. B) slowing down the automatic adjustments processes inherent in the gold standard. C) selling domestic assets in order to accumulate gold. D) selling foreign assets in a deficit and buying foreign assets in a surplus. E) selling domestic assets in a surplus.
In the years immediately following the Civil War (1861–1865), a "unique" pattern of social and economic life formed in the South. It included:
(a) High productivity (b) An increase in wealth among all groups (c) Social advancement among former slaves and whites (d) Racism
Which of the following statements presents accurate information about antebellum wages for males employed in manufacturing?
a. During the 1850s, real wages doubled. b. Real wages were higher and grew more rapidly in New England than in the Middle Atlantic states. c. Wage rates converged in the mid-1800s due to transportation improvements. d. Wage rates in the 1820s were higher in rural areas than in urban areas.
Superstars earn high incomes due to their ability to satisfy the demands of millions of people at once
a. True b. False Indicate whether the statement is true or false