International Data on GDP and Socioeconomic Variables

question 15

Multiple Choice

International data on GDP and socioeconomic variables

• A)are inconclusive about the relationship between GDP and the economic well-being of citizens.
• B)suggest that poor nations actually might enjoy a higher standard of living than do rich nations.
• C)leave no doubt that a nation's GDP is closely associated with its citizens' standard of living.
• D)indicate that there are few real differences in living standards around the world, in spite of the large differences in GDP between nations.

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