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20 October, 02:13

In 1 or 2 sentences, mention (1) one disadvantage of using real GDP per capita as a standard of living measurement and (2) one factor that is included in an alternative measurement for the quality of life, but not found in the GDP per capita.

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  1. 20 October, 04:43
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    The disadvantage of using the real GDP per capita as standard of living is that it does not account other factors that might affect the current status of the economy. GDP is a measure of national spending capability that does not distinguish the transactions being made internally.
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