Economics (AS & A Level) · Oct / Nov 2021 · Paper 31 · Question 21
A government uses personal disposable income per head as a measure of the standard of living. What does this measure not take into account?
- Achanges in the average price level
- Bthe level of direct taxation
- Cthe level of national income
- Dthe size of the population
As printed in the paper
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Correct answer: A. changes in the average price level
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