When comparing the standard of living in two countries it is important to adjust total output for differences in:
A)geographic area.
B)employment levels.
C)political systems.
D)population.

Question

Quizplus · Accepted Answer

Because of population growth, increases in total output cannot be equated with improvements in the general standard of living. Instead output per person is a better indicator of the average living standard. So two nations with the same level of output produced can have different living standards if the population sharing that output is different.

When Comparing the Standard of Living in Two Countries It