Respuesta :
A Nations's standard of living is determined by GDP per capita, this is a nation's gross domestic product divided by its population.
Gross Domestic Product (GDP) is the market value of all goods and services produced within the national boundaries of a country is a financial year. When GDP is divided by the total population of a country, we get the value of GDP per capita.
GDP per capita is the widely used indicator of standard of living. Inflation and rising prices have very little impact on the real GDP per capita. Real GDP is a more appropriate predictor of standard of living than nominal GDP. A country with a high rate of manufacturing will be able to offer higher salaries. That implies that its inhabitants will be capable of purchasing more of the country's abundant output.
The complete question is here:
A nation's standard of living is determined by:
(a) the percentage of its GDP that is accounted for by government purchases.
(b) the quantity of natural resources with which it is endowed.
(c) factors and events that are beyond the nation's control.
(d) GDP per capita
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