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Comparing two countries' living standards is better done with GDP per capita than total GDP because it accounts for:
ALanguage spoken
BPopulation size
CWeather patterns
DGovernment type
Answer & Solution
Correct answer: B. Population size
1. A large economy may simply have a large number of people.
2. GDP measures the total size of a nation's economy.
3. GDP per capita is the GDP divided by the population.
4. So per capita figures adjust for population size.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 5 'The Macroeconomic Perspective'_
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