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

Juliet Cordova

Business

5 February, 05:57

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

+1

Answers (1)

Know the Answer?

Sharon Baker · 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