Per capita GDP is a country's GDP divided by population.Group of answer choicesTrueFalse

What is per capita GDP?

A problem with GDP per capita is:Group of answer choicesit is a rough measure of a country’s standard of living relative to other countriesit only calculates domestic productionit doesn’t take into effect the productivity of international marketsit doesn’t reflect differences in wealth within a country

GDP is the total market value of all final goods and services produced annually within a country's borders.Group of answer choicesTrueFalse

If the GDP per capita for Country T is $45,020 and the population is 153 people, what is the real GDP for Country T?

A country’s real GDP per capita first grows by 10% and then declines by 10%. The final real GDP per capita will be:Group of answer choicesonly nominal real GDP per capita will be unchangedlower than originallyunchangedhigher than originally