those three questions please (first one is on top question 11) The primary measure economists tend to use to measure changing living standards over time isreal GDP per capita.nominal GDP per capita.capital accumulation per capita.investment per capita.QUESTION 12If GDP grows at a rate of 2.8% per year, approximately how long will it take for GDP to double in size?O 12 years21 years23 years25 yearsQUESTION 13Suppose that nominal GDP increases by 6.5%, real GDP increases by 4.0% and the population increases by 2.0%. Real GDPper capitaO grows by 2.0% (approximately).does not change.decreases by 6.0%6.grows (in percentage terms) by more than the inflation rate.

Ans 11.The correct answer is real GDP per capita So we can say that where I think standard of living…

Answered: The primary measure economists tend to…

The primary measure economists tend to use to measure changing living standards over time is O real GDP per capita. nominal GDP per capita. capital accumulation per capita. O investment per capita.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

those three questions please (first one is on top question 11)

The primary measure economists tend to use to measure changing living standards over time is
real GDP per capita.
nominal GDP per capita.
capital accumulation per capita.
investment per capita.
QUESTION 12
If GDP grows at a rate of 2.8% per year, approximately how long will it take for GDP to double in size?
O 12 years
21 years
23 years
25 years
QUESTION 13
Suppose that nominal GDP increases by 6.5%, real GDP increases by 4.0% and the population increases by 2.0%. Real GDP
per capita
O grows by 2.0% (approximately).
does not change.
decreases by 6.0%6.
grows (in percentage terms) by more than the inflation rate.

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