If real GDP per capita has decreased, the standard of living in the country has improved.

Question

Quizplus · Accepted Answer

Real GDP per capita is a measure of the economic output divided by the population. A decrease in real GDP per capita usually indicates a decline in the country's economic performance, which would lead to a reduction in the standard of living. Therefore, if real GDP per capita has decreased, the standard of living in the country has not improved but rather deteriorated.

If Real GDP Per Capita Has Decreased, the Standard of Living