_____________, which can be approximated by the growth of gross domestic product, ultimately determines the prevailing standard

Question

Natalka [10]

2 years ago

6

_____________, which can be approximated by the growth of gross domestic product, ultimately determines the prevailing standard

of living in a country. trade balance inflation education economic growth

Business

1 answer:

coldgirl [10] · Answer 1 · 2022-08-21T14:51:05+03:00

Economic growth, which can be approximated by the growth of gross domestic product, ultimately determines the prevailing standard of living in a country.
This parameter is measured by economists typically by tracking real GDP per capital.
Economic growth hinges on the quality and type of investment, the human capital and improvements in technology.