The only way the standard of living of the average person in a country can increase is if ________ increases faster than ________.

Question

Quizplus · Accepted Answer

If production (output of goods and services) increases faster than population, it means the average person has access to more goods and services, which translates to an increase in their standard of living. If population increases faster than production, there will not be enough goods and services to go around, resulting in a lower standard of living for the average person. Therefore, option A is the correct answer.

The Only Way the Standard of Living of the Average