To evaluate the change in average living standards over time,it is best to use:
A) the inflation rate.
B) GDP.
C) GDP per capita.
D) real GDP per capita.
E) real GDP.

Name: To evaluate the change in average living standards over time,it is best to use: A) the inflation rate. B) GDP. C) GDP per capita. D) real GDP per capita. E) real GDP.
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Question

Quizplus · Accepted Answer

Real GDP per capita adjusts for inflation and population changes, providing a more accurate measure of changes in living standards over time.

To Evaluate the Change in Average Living Standards Over Time,it