Match the use of GDP data to the appropriate situation.
measuring long-term economic growth measuring business cycles measuring living standards
1. Lupe examines the real per capita GDP of seven nations to determine which country might have the wealthiest citizens.
2. Brad looks at real per capita GDP to determine what impact the recent recession has had on economic activity.
3. Leia examines real per capita GDP over a ten-year period to determine whether the economy of a particular country is in decline or on the rise.
O measuring long-term economic growth
O measuring business cycles
O measuring living standards