A country with a real GDP per person similar to real GDP per person in the United States but with limited political freedom is generally considered to have
A)a lower standard of living than the United States.
B)a larger Human Development Index because the other country still needs to develop more political freedom.
C)the same standard of living as the United States.
D)an understated GDP.
E)an overstated nominal GDP.

Question

Quizplus · Accepted Answer

While the real GDP per person may be similar to that of the United States, political freedom is a key component of a high standard of living. Without political freedom, there may be limited access to civil liberties and human rights, which can impede overall well-being and quality of life. Therefore, despite having a similar GDP per person, the country with limited political freedom would still have a lower standard of living than the United States.

A Country with a Real GDP Per Person Similar to Real