The standard of living in the United States: Group of answer choices is the highest in the world because we have the highest GDP in the world. is higher than the global average because we make more output using fewer people than the average country. is higher than the global average, because we have high standards for the quality of goods that we buy. has been decreasing over the last 3 decades.

The standard of living in the United States: Group of answer choices is the highest in the world because we have the highest GDP in the world. is higher than the global average because we make more output using fewer people than the average country. is higher than the global average, because we have high standards for the quality of goods that we buy. has been decreasing over the last 3 decades.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 31CTQ: As technological change makes us more sedentary and food costs increase, obesity is likely. What...

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