Which of the following is used to measure directly the average standard of living across countries?
A) Real GDP.
B) Nominal GDP.
C) Purchasing power parity.
D) GDP per person.

Question

Quizplus · Accepted Answer

GDP per person, or GDP per capita, is used to measure the average standard of living across countries as it accounts for the population size, providing a per-person basis for comparison.

Which of the Following Is Used to Measure Directly the Average