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QuizMultiple Choice

Economic Indicators

Question 1 • VT-GA-EOC-Personal Finance & Economics A ULHS

A country’s gross domestic product divided by its population is known as __________.

Answer
A
GDP per capita
B
standard of living
C
an economic sector
D
measurement of growth

Explanation

GDP per capita is calculated by dividing a country’s gross domestic product by its population. Therefore, the correct choice is GDP per capita. It can help compare average economic output per person, though it does not measure every aspect of living standards.

AI-written and checked against the verified answer.

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