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_____ is the most common way to measure the standard of living in different countries. GDP per capita Nominal GDP Real GDP

Kevin Sutter

in Business

1 answer

1 answer

William Cain on May 19, 2018

The answer is GDP per capita. The Gross Domestic Product only shows the wealth of a nation as a whole, as GDP is the measure of the value of all final goods and services produced during a period of time by a country. The GDP per capita shows the average wealth per person (therefore, consists of dividing the GDP of a country by its population).

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