The standard of living in two countries can be compared using the___________
Question 1 Report
The standard of living in two countries can be compared using the___________
Answer Details
The standard of living in two countries can be compared using the gross national product (GNP) per head.
GNP per head is a measure of a country's average economic output per person. It takes into account the total income generated by a country, divided by the number of people living there. This gives us a good idea of the average standard of living in a country, and allows us to compare the standard of living between two countries.
For example, if two countries have the same total national income, but one country has a smaller population, its GNP per head will be higher, indicating a higher standard of living for its citizens.
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