Is Looking at Changes in Gross Domestic Product Over Time

question 260

Essay

Is looking at changes in gross domestic product over time a good way to determine whether the people in a country are experiencing an increase in their standards of living? Why or why not?

---

Definitions:

Quadrants

The four sections of the Cartesian plane, divided by the x and y axes, used to classify the position of points.

Assume

To accept something to be true without verification or proof, often used in the context of mathematical proofs and hypotheses.

Right Triangle

A triangle that has one angle measuring 90 degrees.

Vertices

The corners or intersection points of geometric shapes where two or more lines, edges, or curves meet.