Answer:
Examining the real GDP per capita in different countries allows economists to compare standards of living in different parts of the world.
Explanation:
Examining the real GDP per capita in different countries allows economists to compare standards of living in different parts of the world.
Gross Domestic Product (GDP) refers to the market value of all final goods and services produced within the borders of a country.
The Real GDP refers to Gross Domestic Product adjusted for price changes.
GDP per capita refers to GDP divided by the number of people living in a country.
The real GDP per capita is one of the most common measures of living standards
