Over Time, GDP May Increase as the Result of Either

question 106

Multiple Choice

Over time, GDP may increase as the result of either (i) expansion in the quantities of goods produced or (ii) higher prices. Which of the following is true?

• A)(i) will generally increase living standards, but (ii) will not.
• B)(ii) will generally increase living standards, but (i) will not.
• C)Both (i) and (ii) will generally increase living standards.
• D)Neither (i) nor (ii) will generally increase living standards.

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Definitions:

Structural Inequalities

Systemic disparities in access to resources, opportunities, and rights across different societal groups, often rooted in historical and institutional prejudices.

Privileged Position

refers to a status that gives certain individuals or groups advantages or benefits not widely available to others, often due to socio-economic factors, race, or gender.

White Privilege

The societal privileges that benefit white people beyond what is commonly experienced by non-white people under the same social, political, or economic circumstances.

Unearned Advantage

Privileges and benefits one receives without effort or merit simply because of societal biases towards certain groups.