Social Sciences, asked by mangalinarshimuhulu8, 7 months ago

standard of living is measured by realb__per capital

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Answered by Jaskiranjeetkaur

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Answered by Amninder11

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Answer:Yet there is a generally accepted measure for standard of living: average real gross domestic product (GDP) per capita. Let's break it down piece by piece: GDP measures annual economic output — the total value of new goods and services produced within a country's borders. Real GDP is the inflation-adjusted value.

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