A Criticism of GDP Per Capita Is That It

question 226

Multiple Choice

A criticism of GDP per capita is that it:

• A) is hard to calculate.
• B) might not fully reflect the standard of living of the typical citizen.
• C) reduces the effect of outliers skewing the averages.
• D) is only a hypothetical concept that cannot be measured.

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Definitions:

Whigs

A political faction and then a political party in the parliaments of England, Scotland, Great Britain, Ireland, and the United Kingdom, notably supporting the supremacy of Parliament over the monarchy.

Treaty of Paris (1763)

This treaty ended the French and Indian War/Seven Years' War between Great Britain and France, resulting in France ceding Canada and land east of the Mississippi River to Britain.

Seven Years' War

A global conflict fought between 1756 and 1763, involving most of the great powers of the time and affecting Europe, North America, South America, Africa, and Asia.

Consent of the People

Refers to the idea that a government's legitimacy and moral right to use state power is only justified and lawful when consented to by the people or society over which that political power is exercised.