An increase in GDP per capita most likely means that _____. output is increasing the standard of living is lower few

Question

An increase in GDP per capita most likely means that _____.

output is increasing
the standard of living is lower
fewer jobs are available

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2022-04-29T13:50:06+00:00 2 Answers 0

Answers ( 2 )

  1. Abigail
    0
    2022-04-29T13:51:16+00:00

    The correct answer is: “output is increasing”.

    The GDP per capita is the total gross domestic product generated in a country, divided between its total number of inhabitants.

    A country’s Gross Domestic Product (GDP) is defined as the total amount of final goods and services produced in a country during a specific period of time, generally one year.

    If the GDP per capita grows, it means that total output GDP figures are increasing more rapidly than the total population.

  2. Hailey
    0
    2022-04-29T13:51:59+00:00

    Answer:

    Output is increasing.

    Explanation:

    When the GDP per capita of a country is increasing, the most likely conclusion is that output is increasing as well. The GDP, or Gross Domestic Product, is the value of all finished goods and services that were made within a country during a specific period. The GDP is often used to estimate various characteristics of a country, such as the size of its economy and its growth rate.

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