When GDP Per Capita Goes Up by 10 Percent

question 119

Multiple Choice

When GDP per capita goes up by 10 percent:

• A) everyone's income goes up by 10 percent.
• B) only the most wealthy peoples' incomes will go up by 10 percent.
• C) no one's income goes up by 10 percent.
• D) the distribution of the increase in income may vary.

---

Definitions:

Big Data

Refers to extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Interest-earning Account

A bank account that provides interest payments on the cash deposited into the account.

Annual Rate

The percentage return on an investment or rate of interest per year, not accounting for the compounding of interest within that year.

Annual Withdraw

Annual Withdraw refers to the amount of money that is taken out of an investment or savings account each year.