If Country A's real GDP is growing at 6 percent per year and Country B's real GDP is growing at 6 percent per year,then the standard of living is

Question

Quizplus · Accepted Answer

The standard of living is typically measured by real GDP per capita. If both countries have the same GDP growth rate, the standard of living will change at the same rate only if their population growth rates are also the same.

If Country A's Real GDP Is Growing at 6 Percent