The most widely used measurement of the material standard of living is _____.
A) number of personal computers per 1,000 population
B) gross domestic product per capita
C) average number of calories consumed per person per day
D) average life expectancy

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) per capita is the most widely used measurement of the material standard of living as it reflects the average income earned per person in a given country. It takes into account the value of all goods and services produced within a country and is adjusted for population size, making it a useful comparison tool between countries. Other measurements listed may provide some indication of living standards, but are not as widely used or accepted as GDP per capita.

The Most Widely Used Measurement of the Material Standard of Living