Quiz on lesson “What’s The Best Country To Live in?”

1. What is Gross Domestic Product (GDP)?

A) The total monetary value of everything a country imports and sells on the market

B) The total monetary value of everything a country produces and sells on the market

C) The total monetary value of everything a country exports and sells on the market

2. Why is GDP per capita seen as a measure of well-being?

A) It takes into account the distribution of wealth and the value of services that aren't sold on the market

B) It is the total GDP divided by the number of people living in the country

C) It takes into account the quality of life in the country

3. What are the limitations of boiling the quality of life in a country down to a single number?

A) It takes into account all factors affecting the quality of life

B) It has limitations and experts now favor a dashboard approach that lays out all factors

C) It is the best way to determine the quality of life in a country.

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