ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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financial goals
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budget
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standard of living
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income
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Detailed explanation-1: -Yet there is a generally accepted measure for standard of living: average real gross domestic product (GDP) per capita. Let’s break it down piece by piece: GDP measures annual economic output-the total value of new goods and services produced within a country’s borders. Real GDP is the inflation-adjusted value.
Detailed explanation-2: -Gross Domestic Product (GDP) per capita and per capita income are common methods of measuring a country’s standard of living.
Detailed explanation-3: -Answer and Explanation: Real GDP per capita is adjusted for inflation and the size of the population, so it measures the average purchasing power of the people in an economy, and is the best measure of a country’s standard of living.
Detailed explanation-4: -Making plastics from plants. Greening steel and concrete. Recycling EV batteries. Making jet fuel from rubbish. Cleaning up deliveries. 27-Oct-2021