When considering economic growth, many policy makers focus on real gross domestic product (GDP) per capita since it! takes into account the potentially distorting effects of population change.
Gross domestic product can be described as the standard measure that is been used by the economist when trying to measure the economic growth that can be associated to the country over a particular period of time.
It should be noted that this is been done through the finding the measurement of the value added created that can be attributed to the production of goods as well as the services that can be found in the country with respect to a particular period.
In conclusion , this tool do take into consideration of the income that is been earned during the production, as well as the total amount spent on goods with the consideration of the population of the country.
Therefore, the first option is correct.
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Check the missing options;
O population change. O pollution. O unemployment. Any large, sustainable increase in real GDP must be due to steadily increasing levels of research and development. labor productivity. birth rates. O levels of labor force participation.
