Which one of the following is used to measure the standard of living?
Select ONE answer:
- Economies of scale.
- Exchange rate.
- Gross domestic product.
- Market share.
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS4 or KS5 classes.
The answer is 3
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