If Country A's Real GDP Is Growing at 6 Percent

question 171

Multiple Choice

If Country A's real GDP is growing at 6 percent per year and Country B's real GDP is growing at 6 percent per year,then the standard of living is

• A)growing more rapidly in Country A.
• B)higher in Country B.
• C)changing at the same rate in Country A and Country B.
• D)growing more slowly in Country A.
• E)changing at the same rate in Country A and Country B only if the rate of population growth is the same in both countries.