Per capita GDP will definitely increase if
A)GDP increases more rapidly than population.
B)GDP and population increase at the same rate.
C)Population increases more rapidly than GDP.
D)Population and GDP decrease at the same rate.

Question

Quizplus · Accepted Answer

Per capita GDP is calculated by dividing the total GDP of a country by its population. Therefore, if the GDP increases more rapidly than the population, there will be an increase in the per capita GDP as there is more wealth to be distributed among the population, resulting in a higher standard of living.

Per Capita GDP Will Definitely Increase If