Final answer:
Real GDP per person, or GDP per capita, provides an indication of the average income of inhabitants in a country, making the statement a. true. It serves as a measure of the economic health and living standards within an economy and allows for comparisons between countries.
Step-by-step explanation:
Real GDP per person, also known as GDP per capita, is indeed a measure that gives us an indication of the income of the average person in a country. When we say real GDP per person, we are talking about the GDP adjusted for inflation, divided by the total population of the country. This measure allows for a comparison of living standards and economic health between different countries, regardless of population size.
It is because GDP per capita accounts for population that it provides a useful benchmark for the economic growth regarding living standards of an average person. In essence, GDP per capita serves as a rough estimate of a nation's standard of living. By comparing the GDP per capita of various countries, we are able to make comparisons between nations with vastly different population sizes, such as Belgium and the United States, or Uruguay and the Russian Federation.
Therefore, the statement "Real GDP per person tells us the income of the average person in the country" is true, as real GDP per capita is a measure that reflects the average income and standards of an average person within an economy, making it a critical indicator of economic health and living standards.