__________ is measured in terms of Real GDP per Capita.
__________ is measured in terms of Real GDP per Capita.
The correct option is D Standard of Living
The Gross Domestic Product process the
value of economic activity within a country. GDP is the calculation
of the market values, or prices, of all final goods and services produced in an
economy during a period of time. The standard of living is a measure of the
material aspect of an economy.
The number of goods and services shaped and offered
for purchase by a person, family, group, or nation. The standard of living is changed
from the quality of life. It doesn’t evaluate non-material quality, such as
relationships, freedom, and satisfaction. These are part of the quality of
life. The index that effort to calculate the quality of life also includes the material
standard of living measurement.
Thus, the correct option is C.
The Gross Domestic Product process the value of economic activity within a country. GDP is the calculation of the market values, or prices, of all final goods and services produced in an economy during a period of time. The standard of living is a measure of the material aspect of an economy.
The number of goods and services shaped and offered for purchase by a person, family, group, or nation. The standard of living is changed from the quality of life. It doesn’t evaluate non-material quality, such as relationships, freedom, and satisfaction. These are part of the quality of life. The index that effort to calculate the quality of life also includes the material standard of living measurement.
Thus, the correct option is C.
