High School Economics Quiz
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INTERNATIONAL AND GLOBAL ECONOMICS
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Which of the following describes a critical limitation of using GDP per capita as the sole measure of a country's development?
A
It fails to account for the value of government spending on public goods like infrastructure.
B
It is an average that provides no information about the distribution of income among the population.
C
It cannot be used to compare countries that have different currencies or price levels.
D
It only measures the production of goods and systematically ignores the production of services.
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