In Polynomia, Real GDP Increased by 8% and the Population

question 99

Multiple Choice

In Polynomia, real GDP increased by 8% and the population increased by 3% in 2016. In 2016, Polynomia experienced

• A) economic growth, but not an increase in living standards.
• B) economic growth and an increase in living standards.
• C) no economic growth, but an increase in living standards.
• D) an economic decline.

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