Question

Economists use numbers such as those in the table as a measure of

a.
standard of living.
b.
total dollar value of all final goods and services.
c.
net exports.
d.
national income.

Answer 1

a. standard of living.

Step-by-step explanation:

Per capita Gross Domestic Product (GDP) represents an economic scale that quantifies the economic output of a country in relation to the total population of that country.

Mathematically, per capita GDP is derived by dividing the total GDP of a country by the population of that country. It gives an indication of how productive each individual of a country is and hence, a good measure of their standards of living.

The correct option is therefore, a.