In 2010,Northland had real GDP of $4.21 billion and a population of 2.98 million.In 2011,real GDP was $4.59 billion and population was 2.97 million.Between 2010 and 2011,Northland's standard of living ________.

Question

Quizplus · Accepted Answer

To determine the standard of living, we can calculate real GDP per capita, which is the real GDP divided by the population.

Real GDP per capita in 2010 = $4.21 billion / 2.98 million = $1,412.42
Real GDP per capita in 2011 = $4.59 billion / 2.97 million = $1,545.45

We can see that real GDP per capita increased from 2010 to 2011, indicating an increase in standard of living. Therefore, the answer is A) increased.

In 2010,Northland Had Real GDP of $4