If Country A's Real GDP Per Person Is Growing at 6

question 295

Multiple Choice

If Country A's real GDP per person is growing at 6 percent and Country B's real GDP per person is growing at 3 percent,then

• A)the standard of living is higher in Country A.
• B)the standard of living is higher in Country B.
• C)the standard of living is growing more rapidly in Country A.
• D)We cannot say whose standard of living is growing more rapidly without knowing the population growth rate.
• E)We cannot say whose standard of living is growing more rapidly without knowing the growth rate of real GDP.

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