Why do economists use real GDP per capita to measure economic progress rather than some other measure,

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Why do economists use real GDP per capita to measure economic progress rather than some other measure, such as nominal GDP per capita or real GDP?

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Macroeconomics

ISBN: 9781319245269

6th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Feb 16, 2024 04:00 AM

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Why do economists use real GDP per capita to measure economic progress rather than some other measure,

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Economic progress raises the living standards of the average resident of a country An inc...View the full answer

Macroeconomics

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