Which statement refers to per capita GDP?

A. The American economy increased its productivity over last year.
B. The average household level of production declined last year.
C. More Americans are seeking work this month than last month.
D. The cost of consumer goods declined slightly last year.

The GDP (Gross Domestic Product) is a macroeconomic indicator that measures, in monetary terms, the total amount of goods and services produced within an economy during a certain period of time, typically one year.

The GDP per capita is computed by diving the GDP figure between the total population in that economy. Therefore, it refers to the total amount of production per individual (or per household).

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Which statement refers to per capita GDP? A. The American economy increased its productivity over last year. B. The average household level of production declined last year. C. More Americans are seeking work this month than last month. D. The cost of consumer goods declined slightly last year.

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Which statement refers to per capita GDP?

A. The American economy increased its productivity over last year.
B. The average household level of production declined last year.
C. More Americans are seeking work this month than last month.
D. The cost of consumer goods declined slightly last year.