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Respective standard of living

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China's real GDP in 2018 (using 2010 constant prices) was USD10,800,568.39 as opposed to Germany's USD3,939,226.61. China's real GDP per person using purchasing power parity (2011 figures) in 2019 is USD31,380 as opposed to Germany's USD 92,718 (figures from the World Development Index Database).

Which set of figures would give you a better measure of each country's respective standard of living? Justify your answer.

Reference no: EM132413409

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