In 2016, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2017, real GDP was $4.59 billion and population was 2.97 million. From 2016 to 2017, Armenia's standard of living
A) increased.
B) decreased.
C) did not change.
D) might have increased, decreased, or remained unchanged but more information is needed to determine which.
Correct Answer:
Verified
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