discuss whether an inrease in gross domestic product necesary mean an increase in the living standards?

Answer 1

No!

First, it is important to understand whether the increase in GDP was due to a price change or a quantity change. If nominal GDP increases just because prices have changed, and real GDP is unchanged, there is certainly no improvement in the standard of living.

Second, even if the positive increase is coming from real GDP, it doesn't necessarily mean that citizens are better off. For example, the increase might have come from an increase in the total number of hours worked. That is, workers also had less leisure. Also, there might be lots of pollution associated with the extra GDP that will lead to health problems in later years.

Answer 2

Not necessarily. Assume that GDP increase from 10,000 to 11,.000. A 10% increase. But the population increases by 10% from 100 to 110. This means that the average per head remains the same at 100. Again say the price level has also increased by 10%. Then the standard of living falls as the same 100 per head output will buy less of goods. Or, say that the extra GDP results from output made available for use to one person. So the reamining 99 persons remain where they were. Three counter examples above proves the theorem that increase in GDP does not necessarily results in increase in living standards.

Answer 3

Increase in gross domestic product means increased production of all goods i.e manufactured goods.service sectors
agriculture,mined material etc.Sales of these particles
increases the money supply a major part of which goes to
middle class,elites,businessman,industrialist and government,
but less to poor people and senior citizen without pension.
Since money flows to certain sections of the people their
living standard increases.Since inflation is always associated
with increase in gross domestic product and there is no
distributive justice in the society the position of poor people
and senior citizen without pension becomes even more critical.

Answer 4

Yes but not for everybody in the country.

Answer 5

no... and that's where HUMAN DEVELOPMENT comes in, which is the core of the UN Dev Prog.
it focuses not on HOW MUCH people get but on WHAT they can spend it on