When trying to determine the standard of living in a given country, it is not important to observe its income distribution, because what we are interested in is the income per person in the economy.

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Income distribution is an important factor to consider when determining the standard of living in a country, as it can have significant impacts on factors such as poverty levels, access to basic needs, and overall social welfare. Simply looking at the average income per person in the economy may not provide a complete picture of the standard of living experienced by individuals across different income levels.

When Trying to Determine the Standard of Living in a Given