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Which of the following statements is LEAST consistent with the lecture content on 'GDP per capita: GDP per capita is an important measure of quality
Which of the following statements is LEAST consistent with the lecture content on 'GDP
per capita":
GDP per capita is an important measure of quality of life.
Growth in GDP per capita over time can fluctuate in the short-run but tends to
increase over the long-run with improvements in productivity.
GDP per capita is measured by dividing the value of goods and service produced over
a period with the total population.
O
GDP per capita over both the short and long-run is primarily driven by the quantity
and quality of land, labour and capital and entrepreneurship.
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