A higher GDP per capita is synonymous with which of the following?

a) high rates of inflation

b) high standatrds of living

c) very low unemployment

Question

Business

Julissa Hayes

1 January, 21:16

A higher GDP per capita is synonymous with which of the following?

a) high rates of inflation

b) high standatrds of living

c) very low unemployment

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Answers (1)

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Esperanza Norton · Answer 1

By definition, GDP per capita is an economic term wherein it is the result when the total GDP (Gross Domestic Product) of a country is divided by the total number of population in that country. Therefore, a higher GDP per capital would most likely indicate that there is also a higher standard of living.

A higher GDP per capita is synonymous with which of the following?a) high rates of inflationb) high standatrds of livingc) very low unemployment

A higher GDP per capita is synonymous with which of the following?

a) high rates of inflation

b) high standatrds of living

c) very low unemployment