Which of the following is correct?
A)Although levels of real GDP per person vary substantially from country to country,the growth rate of real GDP per person is similar across countries.
B)Productivity is not closely linked to government policies.
C)The level of real GDP per person is a good gauge of economic prosperity,and the growth rate of real GDP per person is a good gauge of economic progress.
D)Productivity may be measured by the growth rate of real GDP per person.

Question

Quizplus · Accepted Answer

The statement in option C is correct as the level of real GDP per person measures the economic prosperity of a country, while the growth rate of real GDP per person measures economic progress. Options A, B, and D are incorrect as option A is partially correct (growth rates can also differ across countries), option B is incorrect as government policies can impact productivity, and option D is incorrect as productivity can be measured by other factors as well as real GDP growth rates.

Which of the Following Is Correct