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OpenStudy (anonymous):
How do we precisely measure the standard of living in a nation or economy? We use GDP only. We use per capita GDP only. We use distribution of income only. No one number is enough.
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OpenStudy (paki):
ur guess
OpenStudy (anonymous):
its not a or b
OpenStudy (anonymous):
so i think its D.
OpenStudy (paki):
agree... have a look here for details... http://arnoldkling.com/econ/GMU/GDPmeasure.html
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