In Vidalia, real GDP increased by 6% and the population increased by 9% in 2016. In 2016, Vidalia experienced
A) economic growth, but not an increase in living standards.
B) economic growth and an increase in living standards.
C) no economic growth, but an increase in living standards.
D) an economic decline.

Question

Quizplus · Accepted Answer

Economic growth is indicated by the increase in real GDP (6%), but since the population grew at a higher rate (9%), the GDP per capita, which is a common measure of living standards, would have decreased, indicating no increase in living standards.

In Vidalia, Real GDP Increased by 6% and the Population