GDP per capita fully reflects the standard of living of a typical citizen of a country.

Name: GDP per capita fully reflects the standard of living of a typical citizen of a country.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

GDP per capita is an important measure of economic well-being but it does not fully reflect the standard of living of a typical citizen of a country. There are other factors such as income inequality, access to education, healthcare, and other basic amenities that are not captured by GDP per capita alone.

GDP Per Capita Fully Reflects the Standard of Living of a Typical