*When discussing economic growth, it is often useful to focus on ____________, to avoid studying changes in the size of GDP that represent only having more people in the economy, and focus on those increases in GDP which represent an actual rise in the standard of living on a per person basis.
A. economic growth
B. GDP per capita
C. living standards
D. consumption and expenditures
Answer:B
*When discussing economic growth, it is often useful to focus on ____________, to avoid studying changes in the size of GDP that represent only having more people in the economy, and focus on those increases in GDP which represent an actual rise in the standard of living on a per person basis.
A. economic growth B. GDP per capita C. living standards D. consumption and expenditures
Explanation: Type: Multiple Choice