If a country is experiencing increase in its per capita GDP, its GDP must necessarily be growing.
If a country is experiencing negative inflation its GDP must be decreasing.
Select the correct answer using the codes given below
Options:
A . Both 1 and 2
B . Only 2
C . Only 1
D . Neither 1 nor 2
Answer: Option A Answer: (a)GDP per capita is often used as an indicator of living standards. Notably on the rationale that all citizens would benefit from their country’s increased economic production as it leads to an increase in consumption opportunities which in turn increases the standard of living.
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