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Take a Test-Kallen Gregory-Microsoft Edge mathx.com/Student/PlayerTest.aspx/testid-166474415&centerwin-yes; BUA221 Test: BUA 221 Post Test/Final Exam This Question: 2 pts 16 Real GDP per person is not an accurate measure of the standard of living because it 0 A. omits the goods and services that people produce for themselves O B. omits the goods and services imported from other countries ° C. includes the goods and services that governments buy O D· includes goods and services bought by firms Click to select your nr

Explanation / Answer

Real GDP is the value of all final goods and services produced in an economy in a year. Gdp per capita is attained by dividing the real gdp by the population size. It is not an accurate measure of standard of living as it omits the value of goods produced for self consumption.

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