Which adjustments to real GNP per head might make it a more reliable indicator when comparing standards of living in different countries?
Select ONE answer:
- adjustments to allow for differences in the level of government spending in different countries
- adjustments to allow for differences in the rates of inflation in different countries
- adjustments to allow for differences in the size of the hidden economy in different countries
- adjustments to allow for differences in the value of exports from different countries
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS4 and KS5 classes.
The answer is 3
- Not correct
- Not correct
- Correct
- Not correct
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