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Economics

Study Notes

Measuring the Standard of Living

Level:
AS, A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

What is the standard of living?

The standard of living measures our material welfare. The baseline measure is real national output per head of population or real GDP per capita or gross national income per capita

Measuring standard of living - Revision Video

Exam technique - GDP and measuring standard of living:

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