Economics 0455 · IGCSE · Living standards

Living standards — practice question

To improve Gross Domestic Product as a measure for comparing living standards, it needs to be adjusted by

  • Adeducting the effects of exports and inflation.
  • Bdeducting the effects of imports and exports.
  • Cdeducting the effects of population change and exports.
  • Ddeducting the effects of population change and inflation.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI