If pressed to choose a single indicator of changing living standards,most economists would probably choose real GDP growth per capita.

Question

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Real GDP growth per capita is a widely used indicator for measuring changes in living standards as it takes into account both economic growth and population growth. It reflects the average level of economic well-being for individuals in a country and is considered a useful measure for comparing living standards across different countries and time periods.

If Pressed to Choose a Single Indicator of Changing Living