A widely used indicator to differentiate developed countries from developing countries is ?
Correct answer: B. real income per capital
- A. international trade per capita
- B. real income per capital
- C. unemployment per capita
- D. calories per capita
Explanation
Real income per capita adjusts national income for population size and inflation, making it a useful broad measure of average living standards. Trade, unemployment, and calorie figures may provide supplementary information but are not the standard primary indicator.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ?
Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies?
The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ?
Instead, assume that global economic expansion causes the quantity of tin demanded to increase by 4 million pounds at each price To maintain price of tin at the target price you would ?
Assume that global recession causes the quantity of tin demanded to decrease by 4 million pounds at each price To maintain the price of tin at the target price you would ?
The People's Republic of China ?