Why can GDP per capita be a misleading indicator of the economic standard of living in a

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Why can GDP per capita be a misleading indicator of the economic standard of living in a country?

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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 12:02 AM

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Why can GDP per capita be a misleading indicator of the economic standard of living in a

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GDP per capita which represents the Gross Domestic Product GDP of a country divided by its population is a commonly used indicator to assess the economic standard of living in a country However it can ...View the full answer

Introduction To Economics Social Issues And Economic Thinking

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