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14 July, 13:11

Per capita GDP is the most practical way to:

a) Analyze the growth rate of the economy over time.

b) Measure how much output is potentially available to the average person.

c) Measure how much output can be consumed on a sustainable basis.

d) Measure how much income households receive.

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  1. 14 July, 13:26
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    b) Measure how much output is potentially available to the average person.

    Explanation:

    GDP is the total value of goods & services produced by an economy, during a period of time.

    By Expenditure method:

    GDP = Private Final Consumption Expenditure + Government Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports

    Per Capita GDP is the average GDP per person in population.

    Per Capita GDP = GDP / Number of population.
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