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Business, 19.04.2021 15:50 tantoine2704

The reason that non-material factors of well-being tend to be correlated with real GDP per capita is that:when we have more material goods, we can usually afford more of the other things that improve well-being. non-material factors of well-being tend to contribute positively to real GDP growth. real GDP per capita does not begin to rise until after non-material factors of well-being have improved. real GDP per capita is essentially a measure of non-material factors of well-being.

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