> > How can GDP per capita and poverty rates indicate standards of living in each system?

How can GDP per capita and poverty rates indicate standards of living in each system?

How can GDP per capita and poverty rates indicate standards of livi...

112 Views

How can GDP per capita and poverty rates indicate standards of living in each system?

How can GDP per capita and poverty rates indicate standards of living in each system?

Answer

GDP means Gross Domestic Product, which is talking about the amount of money the average person makes.
Poverty is where someone makes under a defined amount.
If people make more money, they often have a higher standing of living.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 30 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 112 views.

Recommended Questions