QUESTION IMAGE
Question
indicate whether you agree or disagree with each of the following statements.
increases in real gdp per capita do not increase the amount of goods and services available to a countrys citizens.
i disagree with this statement.
increases in real gdp per capita increase life expectancy at birth.
i agree with this statement.
increases in real gdp per capita mean people will have a lower portion of leisure time over the course of their lives
i with this statement.
Brief Explanations
- Real GDP per capita measures the average economic output per person. An increase means more goods and services are available per person (as GDP is a measure of total output).
- Higher real GDP per capita often leads to better healthcare, nutrition, and living standards, which tend to increase life expectancy.
- Increases in real GDP per capita don't necessarily mean less leisure time. As economies grow, there can be more resources for technology and productivity improvements that may free up time for leisure.
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- For the first statement: Disagree.
- For the second statement: Agree.
- For the third statement: Disagree.