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Which of the Following Represents a Problem with Using Per

Question 103

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Which of the following represents a problem with using per capita GDP to compare standards of living between less-developed and industrially advanced countries? ​​


A) ​ GDP per capita does not take into account differences in population between countries.
B) ​ GDP is particularly difficult to measure in industrially advanced countries because a much larger percentage of economic activity occurs outside of officially measured market activity than in less-developed countries.
C) ​ GDP per capita will overstate the prevailing standard of living for the average person in countries with extreme levels of income inequality.
D) ​ None of the above are correct.

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