Practice Quiz

CLEP Economics Exam Prep

Category - Economics

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Which of the following is the best measure for comparing the material standard of living among people in different nations?
  1. Imports and exports per capita
  2. Real gross domestic product per capita
  3. Consumer price index
  4. Real interest rates
Explanation
Answer: B - Real gross domestic product per capita is the best measure for comparing the material standard of living among people in different nations.
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