QuestionAugust 10, 2025

The yardstick most often used to compare living standards across nations is average production cost per unit sales revenue per month utility per capita GDP per person imports per year

The yardstick most often used to compare living standards across nations is average production cost per unit sales revenue per month utility per capita GDP per person imports per year
The yardstick most often used to compare living standards across nations is
average production cost per unit
sales revenue per month
utility per capita
GDP per person
imports per year

Solution
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Answer

GDP per person Explanation 1. Identify the correct yardstick The most common measure for comparing living standards across nations is GDP per person, also known as GDP per capita. It reflects the average economic output per person and is widely used to assess the economic well-being of a country's population.

Explanation

1. Identify the correct yardstick<br /> The most common measure for comparing living standards across nations is GDP per person, also known as GDP per capita. It reflects the average economic output per person and is widely used to assess the economic well-being of a country's population.
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