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GDP per person in the United States was $65,280 in 2019; in Canada, it was $46,327. In the United States, however, income is much more
GDP per person in the United States was $65,280 in 2019; in Canada, it was $46,327. In the United States, however, income is much more uneven than in Canada. These data highlight which limitation of GDP as a measure of living standards? a) It excludes the shadow economy. b) It ignores distribution. c) It doesn't reflect environmental degradation. d) It excludes nonmarket activities
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