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O-LevelEconomicsEconomic development2281/11 · May/June 2021 · Q261 Mark

Gross Domestic Product (GDP) is a better measure of comparative living standards when it is adjusted for the effects of

Aexports and inflation.
Bimports and exports.
Cpopulation change and exports.
Dpopulation change and inflation.

✓ Correct answer

D: population change and inflation.

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About this question

Topic
Economic development, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2021 Paper 1 Variant 1, question 26.

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