Question

which of the following statement regarding economic growth is correct
(1) real gross domestic product (GDP) measures the impact of economic growth on pollution and environmental degradation
(2) with the recent use of high-speed computers, economist are able to measure the size of the informal sector accurately
(3) an increase in real GDP per capita implies that income is more evenly distributed in the economy
(4) when measuring economic growth, changes in the prices and in the population should be taken into account

Answer 1

(4) when measuring economic growth, changes in the prices and in the population should be taken into account