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Which of the following statement is TRUE? I. Economists exclusively use GDP per capita as a measure of living standard. II. Nominal GDP per capita

Which of the following statement is TRUE?

I.Economists exclusively use GDP per capita as a measure of living standard.

II.Nominal GDP per capita is used to track changes in living standard over time.

III.When economists speak of "long-run economic growth," they are talking about per capita real GDP growth of a country.

Group of answer choices

II only

I and III only

III only

I, II, and III

I only

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