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The higher the Gross Development Product (GDP) of a country the richer it is.
Is it possible to say that people who live in countries with the highest GDPs will always have a better quality of life? Why or why not?


Sagot :

Answer:

Key Takeaways

The standard of living is derived from per capita GDP, determined by dividing GDP by the number of people living in the country. ... Generally, rising global income translates to a higher standard of living, while diminishing global income causes the standard of living to declining

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