Question

best measure of a countrys standard of living *
real gdp per capita
real gdp
nominal gdp in the current year
dei
how do we calculate the unemployment rate? *
(unemployed / labor force) x 100
(labor force/population) x 100
c + i + g + nx

Explanation:

Real GDP per capita adjusts for inflation and accounts for the number of people in a country, providing a better measure of the average standard - of - living. The unemployment rate is calculated as the percentage of the labor force that is unemployed, so (Unemployed / Labor Force)×100 is the correct formula.

Answer:

1. A. Real GDP per capita
2. A. (Unemployed / Labor Force) x 100