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Comparative GDPeconomics-mcqs › comparative-gdp
Published
2 Jun 2019
Last updated
28 May 2026

Browse all Comparative GDP MCQs

Which of the following is a reliable indicator of a country's standard of living?

Multiple choice question for Comparative GDP. Select an option, then review the explanation below.

Choose the correct answer

Explanation

Real GDP per capita is considered a good measure of the standard of living because it accounts for the total economic output adjusted for inflation, divided by the population size. Nominal GDP per capita does not adjust for price changes, total Real GDP ignores population size, and the growth rate of nominal GDP per capita does not directly reflect the current living standards.

Practice related questions from the same subject.

  1. 1.Given that Pakistan's real GDP per capita was Rs18,073 in 2004 and increased to Rs18,635 in 2005, what is the percentage growth rate of real output per person during this period?
  2. 2.Which of the following government actions is least effective in promoting economic growth in Africa?
  3. 3.Which factor is most directly linked to the standard of living?
  4. 4.How has the rate of productivity growth in the United States changed over the past fifty years?
  5. 5.Which statement accurately describes the effects of population growth on productivity?

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