Gross Domestic Product in 2013 was almost five times larger than it was in 1960 but it is important to note that

Question

Quizplus · Accepted Answer

The population grew substantially over the same time period. It is important to note that the increase in Gross Domestic Product (GDP) from 1960 to 2013 was not solely due to increased output but also due to population growth. This means that while there was an increase in the overall size of the economy, it did not necessarily translate to more output per capita.

Gross Domestic Product in 2013 Was Almost Five Times Larger