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WAEC Economics 2021 Question 33

Question 33

National Income

The standard of living in two countries can be compared using the

  1. A.number of industries in each country
  2. B.size of their arms and ammunition
  3. C.size of their national incomes only
  4. D.gross national product per head.
Show the answer and explanation

Answer: D (gross national product per head.)

Explanation

Income per head allows for different population sizes, so it is the fair basis for comparing living standards.