Business, 22.02.2021 22:00 mmimay3501

International data on GDP and socioeconomic variables a. leave no doubt that a nation's GDP is closely associated with its citizens' standard of living. b. suggest that poor nations actually might enjoy a higher standard of living than do rich nations. c. indicate that there are few real differences in living standards around the world, in spite of the large differences in GDP between nations. d. are inconclusive about the relationship between GDP and the economic well-being of citizens.

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