Which of the following statements is NOT true about using per capita real GDP to measure a nation's economic growth?
A) The definition does not indicate how the increase in growth is being disturbed among the nation's population.
B) The definition assumes that some of the increase in productivity goes to the poor.
C) The definition is not perfect for measuring increases in a nation's productive capacity.
D) The definition has understated actual economic growth because it does not take into consideration changes in leisure.
Question 2
The long run aggregate supply curve (LRAS) also represents
A) the full-employment level of output. B) the full-information level of output.
C) the full-adjustment level of output. D) all of the above.
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