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GDP and Standard of Living Explain why GDP is an effective measure of living standards. Discuss how quality-of-life measures may be determined and measured. Explain
GDP and Standard of Living
- Explain why GDP is an effective measure of living standards.
- Discuss how quality-of-life measures may be determined and measured.
- Explain why aspects of our quality of life in the United States may be difficult to compare with other countries around the world.
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