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Final answer:
GDP per capita is a crucial indicator for comparing living standards across countries, offering insights into the average well-being and material standards of living.
Explanation:
GDP per capita is a valuable metric for comparing living standards across countries because it provides an indication of the average well-being of individuals in a country. It allows for comparisons between nations with varying population sizes and offers insights into the material standards of living experienced by the populace.
Learn more about GDP per capita as a measure of living standards here:
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