Increases in per-capita GDP are commonly referred to as

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Increases in per-capita GDP refer to economic growth, which means an increase in the total output of an economy. Inflation refers to a general increase in prices, not output. Shifts in aggregate demand refer to changes in the demand for goods and services in an entire economy. The Human Development Index (HDI) measures factors such as education and life expectancy in addition to per-capita GDP.

Increases in Per-Capita GDP Are Commonly Referred to as