Per capita GNP or GDP is used as an absolute measure of poverty. a. What are some

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Per capita GNP or GDP is used as an absolute measure of poverty.

a. What are some criticisms of using per capita GNP as a measure of standard of living?

b. Do any of these criticisms also apply to a quality-of-life index?

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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Apr 23, 2024 08:42 AM

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Per capita GNP or GDP is used as an absolute measure of poverty. a. What are some

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a Criticisms of using per capita GNP as a measure of standard of living include 1 Income Inequality Per capita GNP does not capture income distribution within a country It is possible for a country to ...View the full answer

Economics

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