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Explain how our standard of living depends upon our level

Explain how our standard of living depends upon our level of real GDP per person, but there might not be a one-to-one relationship between the standard of living and real GDP per person. Give examples of things that can affect one, but not the other.

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Macroeconomics: Explain how our standard of living depends upon our level

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Macroeconomics: Explain how our standard of living depends upon our level

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