SSC
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The gross domestic product (GDP) of the United States is $50, 859, which is much higher than most countries. Why is the GDP per capita often used as a sign of a country’s standard of living?
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The higher a country’s GDP per capita, the more income the nation has to meet the needs of the people.
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The higher a country’s GDP per capita, the higher the incomes of most people in the country.
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The higher a country’s GDP per capita, the lower the cost of goods and services in the country.
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The higher a country’s GDP per capita, the higher the number of people living in comfort and wealth in the country.
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Explanation:
Detailed explanation-1: -In a narrow sense, economists frequently measure standard of living using GDP. Per capita GDP provides a quick, rough estimate of the total amount of goods and services available per person.
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