Why is per capita GDP more indicative of quality of life?

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Answer 1

The generally accepted measure of the standard of living is GDP per capita. Real GDP per capita removes the effects of inflation or price increases. Real GDP is a better measure of the standard of living than nominal GDP. A country that produces a lot will be able to pay higher wages.

Related Questions

Why was the development of zero an important advancement in math? O Zero could be used to create integers. O Zero was used to represent a large value O Zero could be used as a placeholder or to write larger numbers. O Zero was used by Indian astronomers to calculate the sizes of stars.I'll give brainliest to whoever is right

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Answer:

The answer is c

Explanation:

Place holder

Answer:

Explanation:

took this test on edge

ISSUES left open after the Treaty of Ghent: What year did this event take place? A commercial treaty reopening trade with Great Britain.

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Answer:cookie

Explanation:

What do these data indicate about gastric juice?
It is very acidic
It is very basic
It is neutral
It is dark red

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It is A

Explanation:

What invention of the Wright Brothers is most famous? Who first found a practical use for it

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Answer:

the first powered, sustained, and controlled airplane flight, and they the built the first fully practical airplane

Social equality is a condition in which human culture or systems create no differences between people in terms of _____.

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Answer:

In terms of - civil rights, freedom of speech, property rights & economic equality, equal access to social goods , social services.

Explanation:

Social equality is a condition in which human culture or systems create no differences between people in terms of - civil rights, freedom of speech, property rights & economic equality, equal access to social goods , social services.

It implies equal socio - economic treatment, irrespective of class or caste etc based discrimination. Latter refer to caste, creed, skin color, gender, income status based inequalities.

president of India ?

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Answer:

Mr.Ram nath kovind..........

Answer:

Droupadi Murmu

Explanation:

examples of professional education

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Architecture school, business school, divinity school, engineering school, journalism school, law school, library school, social work school.

13-year-old Judy is poor at math. Her teacher, Ms. Kobes, helps her out by providing her with a list of tips and tricks that she can use to become more proficient at the subject. According to Vygotsky’s Sociocultural Theory, Ms. Kobes is using _____ to help the child.

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Answer:

scaffolding

Explanation:

2. What was the purpose of the system of checks and balances? .

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The system of checks and balances were a way to not let any branch get overpowered or in other words, to guard against tyranny by ensuring that no branch would grab too much power.

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