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GDP can be compared across countries once it is adjusted for ____________ and population.

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Final answer:

To compare GDP across countries, adjustments for exchange rates and population are required. Exchange rates allow conversion to a common currency, and GDP per capita offers a more accurate reflection of economic well-being than GDP alone.

Step-by-step explanation:

GDP can be compared across countries once it is adjusted for exchange rates and population. Since GDP is measured in a country's currency, to compare different countries' GDPs accurately, we need to convert them using the exchange rate, which reflects the price of one country's currency in terms of another.

With GDPs expressed in a common currency, we can then make a fair comparison by calculating each country's GDP per capita, which divides the GDP by the population.

This creates a more meaningful measure of a nation's wealth, as large populations can distort the significance of GDP alone.

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