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

Question

Quizplus · Accepted Answer

Real GDP per person measures the overall economic output per individual in a country. As it increases, individuals have more access to goods and services, and their overall living standards tend to improve. While it is not the only measure of growth in living standards, it is a widely accepted and reliable indicator of economic progress.

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