Per capita GNP or GDP is used as an absolute measure of poverty. a. What are some

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Per capita GNP or GDP is used as an absolute measure of poverty.

a. What are some criticisms of using per capita GNP as a measure of standard of living?

b. Do any of these criticisms also apply to a qualityof-

life index?

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Macroeconomics

ISBN: 9781250781284

8th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Nov 12, 2024 02:00 AM

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Per capita GNP or GDP is used as an absolute measure of poverty. a. What are some

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Macroeconomics

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