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7 Pages Essays / Projects Year Uploaded: 2020

In any country, the performance of an economy is usually assessed in terms of the achievement of economic indicators. Some of these indicators can be GDP, Inflation, unemployment and living standard. The standard of living does not measure the quality of life such as freedom or relationships, but rather the material aspect of an economy such as the amount of goods and services produced and available for purchase by a country. It can be measured using indicators such as GDP per capita, HDI and the Gini Coefficient.

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