A measurement of average standard of living across countries is

Question

Quizplus · Accepted Answer

Gross Domestic Product per capita (GDP per capita) measures the total economic output of a country divided by the number of people living in that country. This gives a better indication of average standard of living across countries because it takes into account population size. Gross Domestic Product (GDP) and Gross National Product (GNP) do not account for population size, while Gross National Product per capita (GNP per capita) takes into account the income earned by a country's citizens both domestically and abroad, but does not consider the size of the population.

A Measurement of Average Standard of Living Across Countries Is