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Comparing the values of GDP per person in the Netherlands​ and the United States​.

Comparing the values of GDP per person in the Netherlands​ and the United States​.

When comparing the values of GDP per person in the Netherlands​ ($51,000) and the United States​ ($57,000) in his introductory economics​ class, a Dutch student exclaimed that this was not necessarily indicative of a higher standard of living in the United States than in the Netherlands. Is he right? Why? Why not?

MINIMUM LENGTH: 275 WORDS 

 

 

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