Topic

Economic Indicators

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Quizzes in Economic Indicators

U.S. Economy

Why is high Colorado GDP per capita not proof that every resident is wealthy?

It measures bank balances directly
GDP per capita is a legal minimum wage
Output per person is not the same as personal income or wealth distribution
It gives every resident an equal payment

Correct answer(s):

Output per person is not the same as personal income or wealth distribution

U.S. Economy

What limitation should be remembered when using GDP per capita to compare Colorado with other states?

It can hide inequality and differences in living costs
It includes no production
It cannot be calculated
It measures every household exactly

Correct answer(s):

It can hide inequality and differences in living costs