By measuring and comparing per capita GDP data, economists can determine the extent that per capita GDP differs between the nations of the World. While this is useful information, which of the following is a valid criticism of comparing per capita GDP for this purpose?
A. national economies within the global economy are diverse
B. most comparisons between regions are admittedly rough
C. fails to capture diversity across the regions
D. fails to capture the precise standard of living
Answer:D
By measuring and comparing per capita GDP data, economists can determine the extent that per capita GDP differs between the nations of the World. While this is useful information, which of the following is a valid criticism of comparing per capita GDP for this purpose?
A. national economies within the global economy are diverse B. most comparisons between regions are admittedly rough C. fails to capture diversity across the regions D. fails to capture the precise standard of living
Explanation: Type: Multiple Choice Category: Evaluate