Note AcademyNote Academy
Start

Economics · May / June 2021 · Paper 12 · 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.

As printed in the paper

Show the answer

Correct answer: D. population change and inflation.

Sit this whole paper →More on Living standards

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.