To calculate per capita real GDP, one should
A) divide real GDP by the number of employed persons.
B) divide real GDP by the labor force.
C) divide real GDP by the population.
D) divide real GDP by the number of households.
Correct Answer:
Verified
Q53: Since 1948, the labor force participation rate
Q54: If nominal GDP was $10 trillion and
Q55: If real GDP was $10 trillion and
Q56: Residential structures are a component of
A) consumption
Q57: Products that are in the process of
Q58: Which of the following would not be
Q60: Stock prices are not likely to increase
Q61: Economists care about the real value of
Q62: If nominal GDP is equal to $10.5
Q63: NDP (Net Domestic Product) is a measure
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents