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By the end of this section, you will be able to do the following: Analyze GDP per capita as a measure of the diversity of international standards of living; Identify what classifies a country as low-income, middle-income, or high-income; and Explain how standards of living are influenced by geography, demographics, industry structure, and economic institutions.
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purchasing power parity, standards of living, ap macroeconomics, diversity of countries and economies across the world, gdp per capita, geographic and demographic differences, macroeconomic policy around the world, texas gateway, texas gateway: ch. 18: diversity of countries and economies across the world, the macroeconomic perspective, global economic challenges, importance of economic growth
Classroom Considerations
- Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Instructional