Despite some limitations,________ remains the best available indicator of living standards because it tends to be positively associated with _______________.
A) real GDP;better education,health and life expectancy
B) real GDP per person;crime,pollution and income inequality
C) real GDP per person;better education,health and life expectancy
D) nominal GDP;better education,health and life expectancy
E) nominal GDP per person;better education,health and life expectancy

Question

Quizplus · Accepted Answer

Real GDP per person is the best available indicator of living standards because it tends to be positively associated with better education, health, and life expectancy. This is because higher real GDP per person means higher income, which can lead to better access to education, healthcare, and resources for a longer and healthier life. Option A is similar to option C but uses the term 'real GDP' rather than 'real GDP per person', which is not as accurate for measuring individual living standards. Options B, D, and E are incorrect as they either use nominal GDP or suggest negative associations with living standards.

Despite Some Limitations,________ Remains the Best Available Indicator of Living