Understanding Business, 10th Edition

Published by McGraw-Hill Education
ISBN 10: 007352459X
ISBN 13: 978-0-07352-459-7

Chapter 1 - Taking Risks and Making Profits within the Dynamic Business Environment - Developing Workplace Skills - Page 25: 3

Answer

GDP

Work Step by Step

One of the best ways to measure standard of living is the growth domestic product (GDP). While this is quantitative, other ways to observe the wealth of Americans is the cars that they drive and the amount of food they eat.
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