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Korolek [52]
3 years ago
11

Why is per capita GDP more indicative of quality of life?

Social Studies
1 answer:
sammy [17]3 years ago
7 0

The generally accepted measure of the standard of living is GDP per capita. Real GDP per capita removes the effects of inflation or price increases. Real GDP is a better measure of the standard of living than nominal GDP. A country that produces a lot will be able to pay higher wages.

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