The best measure of the standard of living is

Name: The best measure of the standard of living is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Real GDP per capita measures the total economic output of a country adjusted for inflation and divided by the population, providing a more accurate representation of the standard of living than nominal GDP or nominal GDP per capita. The unemployment rate is an important measure of economic performance, but it alone does not capture the overall standard of living.

The Best Measure of the Standard of Living Is