A) Gross domestic product
B) Net domestic product
C) Net National product
D) Per capita real income
Correct Answer: D
Solution :
[d] GDP per capita is effective as it is a globally accepted measure that is relatively simple to measure and understand, it is a useful measure of wealth in an economy, and while higher average wages normally leads to higher levels of happiness and fewer problems such as lack of basic necessities, GDP per capita is not necessarily the best measure of economic success. One problem with using GDP per capita to measure a country's economic well-being is that it is an average, and doesn't show income disparity.
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