The best measure of a country's standard of living is
A)real GDP per labor hour.
B)real GDP per unit of capital.
C)real GDP per capita.
D)total nominal GDP.

Question

Quizplus · Accepted Answer

Real GDP per capita measures the average economic output per person in a country and is a commonly used metric to compare living standards across countries. It takes into account the size of a country's population and provides a more accurate picture of the country's economic well-being than just looking at total nominal GDP.

The Best Measure of a Country's Standard of Living Is