Question

Is GDP a good measure of standard of living?

Answer 1

Answer:

Yes,GDP is a good measure of standard of living.

Answer 2

Answer:

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

Hope it helps you

Pls mark me as brainliest ❤️❤️

....xD