f) Comment on whether, in your opinion, a high level of GDP and GDP growth necessarily...
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f) Comment on whether, in your opinion, a high level of GDP and GDP growth necessarily imply a higher quality of life and standard of living for a nation's citizens? Does higher GDP per capita also necessarily imply happier citizens? Which statistics other than GDP per capita might you want to assess if you were interested in gaining a better understanding of a countries standard of living? Why? f) Comment on whether, in your opinion, a high level of GDP and GDP growth necessarily imply a higher quality of life and standard of living for a nation's citizens? Does higher GDP per capita also necessarily imply happier citizens? Which statistics other than GDP per capita might you want to assess if you were interested in gaining a better understanding of a countries standard of living? Why?
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The relationship between GDP Gross Domestic Product and the quality of life or standard of living for a nations citizens is complex and multifaceted W... View the full answer
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