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2 years ago

In what way(s) does gdp per capita not provide an accurate representation of living standards?

Business

1 answer:

Alborosie2 years ago

6 0

The ways that gdp per capita does not provide an accurate representation of living standards is option A, B,C.

<h3>What is gdp per capita ?</h3>

Gross domestic product per capita is used to measure or determine the growth of a nation economy or income of a nation per individual who live in the nation.

Hence, gdp per capita cannot provide an accurate representation of living standards through the followings ways:

A. GDP per capita does not measure production that occurs outside of the market economy.
B. GDP per capita does not account for changes in environmental quality.
C. GDP per capita does not account for how people distribute their time between work and leisure.

The missing options are:

A. GDP per capita does not measure production that occurs outside of the market economy.

B. GDP per capita does not account for changes in environmental quality.

C. GDP per capita does not account for all final goods and services sold in markets.

D. GDP per capita does not account for how people distribute their time between work and leisure.

Learn more about Gross domestic product per capita here:brainly.com/question/1383956

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3 years ago

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