The GDP per capita is the most practical way to

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Quizplus · Accepted Answer

GDP per capita is commonly used as a measure of the standard of living in a country because it provides a rough estimate of the average amount of economic output that each person in a country has access to. It allows for easy international comparisons of the standard of living between different countries, based on their GDP per capita. While it can also be used to analyze the growth rate of an economy over time, it is not the most practical way to measure household income or sustainable consumption.

The GDP Per Capita Is the Most Practical Way to