Those who are interested in assessing the relative standard of living of different countries over a given time period are most likely to look at
A)GDP.
B)Percentage change in GDP.
C)Population.
D)Per capita GDP.

Question

Quizplus · Accepted Answer

Per capita GDP (or Gross Domestic Product) takes into account the population of a country and is a better indicator of standard of living than simply looking at GDP or percentage change in GDP. This is because a country could have a high GDP but if its population is also very high, then the average income per person may still be low.

Those Who Are Interested in Assessing the Relative Standard of Living