Average Living Standards Are Best Measured Using

question 66

Multiple Choice

Average living standards are best measured using

• A)GDP.
• B)The economic growth of the economy.
• C)Per capita GDP.
• D)The capital stock of the economy.

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Definitions:

Stave Off

To prevent or delay something undesirable, such as illness or an adverse event, from happening.

Human Need

Fundamental requirements that are essential for an individual's physical, psychological, and social well-being and survival.

Predicted

Foretold or forecasted, implying that an event or outcome has been stated to occur in the future based on certain evidences or calculations.

Attractive

Attractiveness refers to the qualities or features of a person, object, or idea that evoke interest, desire, or pleasure in others.