When real GDP per capita is increasing,the standard of living is,on average,improving.

Question

Quizplus · Accepted Answer

Real GDP per capita measures the value of goods and services produced per person in a country. As this value increases, it generally means that the country is producing more goods and services, which can contribute to higher wages and a better quality of life for individuals. Therefore, an increase in real GDP per capita is typically associated with an improvement in the standard of living.

When Real GDP Per Capita Is Increasing,the Standard of Living