Question

How can gdp per capita and poverty rates indicate standards of living in each system?​​

Answer 1

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Hello! If this answer doesn’t fulfill all of your questions, or it doesn’t have the exact information you are looking for, I apologize. But, I will try to help you to my best ability! <3

Answer:

Gross Domestic Product (GDP) per capita and poverty rates are both measures that can be used to measure standards of living because they are both measures of how much money people have. The two measures can be used to supplement one another. This gives a measure of how much money the average person makes in a year.

Again, hope this helps! Good luck! :D

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