Pearson eText Economics -- Instant Access (Pearson+)
Pearson eText Economics -- Instant Access (Pearson+)
13th Edition
ISBN: 9780136879459
Author: Michael Parkin
Publisher: PEARSON+
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Chapter 21, Problem 25APA

(a)

To determine

Explain why the real GDP per person misrepresents the standard of living.

(b)

To determine

Determine why $2 a day underestimates the standard of living of the poorest citizens of Country I.

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