How do economists use the GDP per capita measurement? Choose two correct answers.to compare economies of different countriesto determine the overall well-being of individualsto increase the size of an economyto promote the economy on social mediato reduce the wealth gap between individualsto track how an economy changes over time
Answer
A
to compare economies of different countries
B
to determine the overall well-being of individuals
C
to increase the size of an economy
D
to promote the economy on social media
E
to reduce the wealth gap between individuals
F
to track how an economy changes over time
Explanation
GDP per capita is GDP divided by the population, giving a per-person measure that helps compare the economic output of different countries. Economists can also track it over time to see how an economy’s output per person changes. It does not directly measure individual well-being or reduce wealth gaps.
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