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

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

Quizplus · Accepted Answer

Real GDP per capita measures the value of goods and services produced in an economy per person. As it increases, there is more production and consumption per person, which generally leads to an improvement in the standard of living.

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