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Studentka2010 [4]

2 years ago

15

How do economists measure a nation's standard of living

1 answer:

liberstina [14]2 years ago

6 0

<span>One of the main ways that economists measure a nation's standard of living is by looking at their GDP (Gross Domestic Product). Specifically they look at the GDP per capita because it shows how much the country is producing (in dollar figures) per individual. This can show both the wealth and standard of living for a country in an easily comparable form.</span>

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Answer:

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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