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5.1.1 Indicators of living standards

Unit 5.1.1 - Indicators of living standardsThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the following:Real GDP per head and the Human Development Index (HDI) as the main indicators of living standards.The components of real GDP and the HDI.The advantages and disadvantages of real GDP and HDI as indicators of living standards.In economics, living standards refers to the...

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