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As per Mankiw’s Principles of Economics ...

As per Mankiw’s Principles of Economics , the standard of living of a country depends on the country’s _______.

A

Government Policies

B

Nominal Wages

C

Average Wages

D

Ability to produce goods and services

Text Solution

Verified by Experts

The correct Answer is:
D
Mankiw.s eighth principle of economics is: a country.s standard of living depends on its ability to produce goods and services.
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