Real GDP per person is the best measure of a country's material standard of living.

Question

Quizplus · Accepted Answer

Real GDP per person takes into account the size of a country's economy relative to its population, making it a more accurate measure of material well-being than just looking at total GDP. It allows for comparisons of living standards between countries, as well as tracking changes and trends in a country's own economic growth over time.

Real GDP Per Person Is the Best Measure of a Country's