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Economics · May / June 2021 · Paper 11 · Question 26

2281Living standards

Gross Domestic Product (GDP) is a better measure of comparative living standards when it is adjusted for the effects of

  1. Aexports and inflation.
  2. Bimports and exports.
  3. Cpopulation change and exports.
  4. Dpopulation change and inflation.

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Correct answer: D. population change and inflation.

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