O-LevelEconomicsEconomic development2281/11 · May/June 2011 · Q311 Mark
Why may GDP not be a good measure to compare the standard of living of two countries?
AIt does not include government expenditure.
BIt does not take account of population size.
CIt is based on a sample ‘basket of goods'.
DIt only compares export prices with import prices.
✓ Correct answer
B: It does not take account of population size.
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