If Country A's real GDP per person is growing at 6 percent and Country B's real GDP per person is growing at 3 percent, then
A) the standard of living is higher in Country A.
B) the standard of living is higher in Country B.
C) the standard of living is growing more rapidly in Country A.
D) we cannot say whose standard of living is growing more rapidly without knowing the population growth rate.
E) we cannot say whose standard of living is growing more rapidly without knowing the growth rate of real GDP.
Correct Answer:
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