The best measure of "growth in living standards" is increasing real GDP.

Name: The best measure of "growth in living standards" is increasing real GDP.
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Question

Quizplus · Accepted Answer

While increasing real GDP can be an indicator of economic growth, it does not necessarily reflect improvements in quality of life or well-being. Other measures such as median household income, life expectancy, and access to healthcare and education may provide a more complete picture of living standards.

The Best Measure of "Growth in Living Standards" Is Increasing