can anyone that understands economy answer this question:?

Question

if GDP(gross domestic product) goes up, then how can a person's standard of living go down?

a couple thoughts i had were:
inflation
larger work force

Answer 1

That happened when the inflation rate is higher than the GDP growth. In that situation Your $1 saving will have less value as compared to a $1 a year before.
People say that your real income is decline caused by inflation

Answer 2

GDP is one of the means of measuring the strength of an economy.GDP is the combined value of all the goods and services produced in a country in a given period of time.

Answer 3

on a similar time as McCain knows no longer something with reference to the actual existence economic device now (he voted against minimum salary 19 instances), Obama might comprehend greater approximately it with the help of exposure through his volunteer efforts. in spite of the fact that, i do no longer think of all and sundry knows the thank you to restoration it. i'm bored to death with the two substantial events, and am going to check out the third events, which they with ease won't enable promote or comprise in debates. There are third occasion human beings interior the previous who've been arrested while they confirmed as much as be interior the debates. If our government have been teeth, it might prefer braces because it is so crooked. in case you study, you may discover such a number of unlawful issues going on, you does no longer comprehend the place to start. How come we gained't hearth those human beings somewhat of impeaching or indicting? Kwandrie

Answer 4

War
Taxation (ask anyone in UK)
Redistribution of wealth (ask any 'white' farmer in Africa)