Explain why GDP might be an unreliable indicator of the standard of living.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:02 PM

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Explain why GDP might be an unreliable indicator of the standard of living.

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Gross Domestic Product GDP is a measure of a countrys economic activity representing the total dollar value of all goods and services produced over a ...View the full answer

Economics

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