According to a recent study by the Organisation for Economic Co-operation and Development (OECD),which of the following results in a higher standard of living (per capita GDP)?

Question

Quizplus · Accepted Answer

A lower inflation rate means that prices and wages are more stable, which allows for more efficient allocation of resources and increased productivity. As a result, this leads to higher economic growth and a higher standard of living. Options A, B, and D all have negative impacts on the economy and thus lead to lower standard of living.

According to a Recent Study by the Organisation for Economic