Which of the following is the best measure for comparing the standard of living across countries?
A) productivity
B) gross national product
C) real gross national product
D) real gross national product per person

Question

Quizplus · Accepted Answer

Real gross national product per person is the best measure for comparing the standard of living across countries as it takes the overall economic production of a country and divides it by its population, giving a more accurate representation of the average income and living standards of individuals within the country. It accounts for population differences among countries and adjusts for inflation, providing a more meaningful comparison of living standards.

Which of the Following Is the Best Measure for Comparing