Quiz: Total vs Per Capita and Volume Measures
Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)
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Building on what you've learned about real GDP growth and real vs nominal measures, let's explore total vs per capita and volume measures!
What does 'per capita' mean?
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Which of the following are examples of volume measures? (Select all that apply)
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GDP per capita is calculated by dividing total GDP by the {{blank0}}.
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Match the items on the left with their correct pairs on the right
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If a country’s total GDP is £500 billion and its population is 50 million, what is its GDP per capita?
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Which measure helps compare living standards between two countries?
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Match the items on the left with their correct pairs on the right
Which of the following statements are true? (Select all that apply)
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What does volume measure help economists analyse?
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Comparing GDP per capita instead of total GDP accounts for {{blank0}} differences between countries.
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