The economic well-being of one nation's people compared with that of another nation's people is reflected in the country's ________.
A) level of trade development
B) level of capital development
C) level of economic development
D) purchasing power parity

Question

Quizplus · Accepted Answer

The level of economic development reflects a nation's overall economic well-being, including factors such as income, employment, and standard of living. It encompasses both trade and capital development and provides a more comprehensive understanding of a country's economic status than just measuring its purchasing power parity.

The Economic Well-Being of One Nation's People Compared with That