Question

Which of the following measures how the level of well-being in a country has changed over time? a. level of nominal GDP per person. b. growth rate of nominal GDP. c. growth rate of real GDP. d. growth rate of real GDP per person.

Answer 1

Answer:

d. growth rate of real GDP per person.

Explanation:

The level of well being of a country can be found by considering the price-index, i.e The real GDP per person and not nominal GDP per person.