Ask Question
24 October, 22:27

If per capita GDP is growing, does that mean that everyone is better off economically?

0
Answers (1)
  1. 25 October, 00:20
    0
    The answer should be no. The GDP is a statistical per capita number that shows an average level, not a person by person case. Usually, since the production occurs among a small number of people, the rich get richer while the regular people remain regular or go into poverty. This does not mean that every person starts living better, just that the economy is growing.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If per capita GDP is growing, does that mean that everyone is better off economically? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers