A nation's standard of living will rise if... (mulitiple choice)?

2 ⤊

A nation's standard of living will rise if... (mulitiple choice)?

a. GDP and population increase at the same rate.
b. Real GDP per capita increases.
c. Population increases more than GDP.
d. production and consumption decreases

2007-01-10 08:07:43 · 3 answers · asked by -- 2 in Social Science ➔ Economics

3 answers

b. Real GDP per capita increases.

2007-01-10 08:20:06 · answer #1 · answered by JuanB 7 · 1⤊ 0⤋

B if prices stays the same

2007-01-10 16:22:34 · answer #2 · answered by Mr. DC Economist 5 · 0⤊ 0⤋

I'm guessing B

2007-01-10 16:16:18 · answer #3 · answered by Carly L 1 · 1⤊ 0⤋