Unit 4: Living Standards - how should we measure them?

Click here to access an interactive graphic highlighting the different ways we can use to measure standards of living in different countries. Extremely useful when comparing countries at different stages of economic development.

Related exam questions:

What problems occur when economists link policy to GDP per Capita when trying to impove living standards. (30 Marks)

Evaluate four ways in which economic growth and development might be promoted in developing countries. (30 Marks)