Per capita GDP is criticized as a measure of the economic well-being in a country because a.

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Per capita GDP is criticized as a measure of the economic well-being in a country because

a. It does not take the size of the country's population into account.

b. It does not measure the level of production in a country.

c. It does not measure the level of income in a country.

d. It does not describe the distribution of income in a country.

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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 12:02 AM

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Per capita GDP is criticized as a measure of the economic well-being in a country because a.

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d It does not describe the distribution of income in a coun...View the full answer

Introduction To Economics Social Issues And Economic Thinking

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