A rise in real GDP that is the same as the rate of population growth leaves the average standard of living unchanged.

Name: A rise in real GDP that is the same as the rate of population growth leaves the average standard of living unchanged.
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Question

Quizplus · Accepted Answer

Real GDP per capita is a measure of the average standard of living, and if real GDP grows at the same rate as the population, then real GDP per capita remains unchanged. Therefore, the statement is true.

A Rise in Real GDP That Is the Same as the Rate