In 2008, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2009, real GDP was $4.59 billion and population was 2.97 million. From 2008 to 2009, Armeniaʹs standard of living __________
A) increased
B) did not change
C) decreased
D) might have increased, decreased, or remained unchanged but more information is needed to determine which.
Correct Answer:
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