Economic growth is best measured by a sustained increase in which of the following?
Per capita real GDP
Economic growth is generally measured by the increase in a country’s real gross domestic product (GDP) over time. Real GDP is the value of all goods and services produced within a country’s borders, adjusted for inflation.
A sustained increase in real GDP indicates that the country is experiencing economic growth over an extended period of time. This growth can be attributed to a variety of factors, such as increased investment, innovation, productivity, or consumer spending.
However, it is important to note that GDP is not a perfect measure of economic growth as it does not take into account certain factors such as income inequality, environmental degradation, or the distribution of wealth within a society. Therefore, it is important to consider other indicators as well when measuring economic progress and well-being.
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