If a country's GDP per capita rises, this means that I. the country has fewer poorer people. II. some people in the country have more wealth. III. the country's standard of living is rising.
A) I only
B) II only
C) III only
D) II and III only

Question

Quizplus · Accepted Answer

If a country's GDP per capita rises, it means that on average each person in the country is producing and earning more than before. This does not necessarily indicate that everyone in the country is better off, but it does suggest that some people are likely to have more wealth. As the country's GDP per capita rises, it is reasonable to assume that its standard of living is also improving. However, it is worth noting that there may be outliers or inequality within the country that could limit the benefits of this growth to certain segments of the population.

If a Country's GDP Per Capita Rises, This Means That