What is standard of living? Explain one advantage and one disadvantage of using real GDP per capita as a measure of standard of living. What would you suggest as a better measure of standard of living...

What is standard of living? Explain one advantage and one disadvantage of using real GDP<br>per capita as a measure of standard of living. What would you suggest as a better measure of<br>standard of living (other than real GDP per capita) and why?<br>

Extracted text: What is standard of living? Explain one advantage and one disadvantage of using real GDP per capita as a measure of standard of living. What would you suggest as a better measure of standard of living (other than real GDP per capita) and why?

Jun 09, 2022

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What is standard of living? Explain one advantage and one disadvantage of using real GDP per capita as a measure of standard of living. What would you suggest as a better measure of standard of living...

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