Increases in per capita GDP are
A) important, because it means governments have more resources.
B) important, because they generally improve our living standards.
C) not important, as governments take the increased output and waste it.
D) not important, because increases in per capita GDP do not affect our living standards.

Question

Quizplus · Accepted Answer

Increases in per capita GDP generally improve our living standards by increasing the availability of goods and services, increasing job opportunities, and improving infrastructure. While it is true that governments may mismanage the increased resources, this does not negate the overall positive impact on living standards.

Increases in Per Capita GDP Are