Which statement is correct? Select the best answer. Answer Keypad Keyboard Shortcuts The fact that the standard of living does not fully capture the broader idea of GDP per capita has led to a concern that an increase in the standard of living over time is illusory. While GDP focuses on production that is bought and sold in markets, the standard of living includes all elements that affect people's well-being, whether they are O bought and sold in the market or not. A larger GDP value of one country definitely proves that the standard of living in it is higher than in a country with a lower GDP value