Question

A higher GDP per capita is synonymous with which of the following?

a) high rates of inflation
b) high standatrds of living
c) very low unemployment

Answer 1

By definition, GDP per capita is an economic term wherein it is the result when the total GDP (Gross Domestic Product) of a country is divided by the total number of population in that country. Therefore, a higher GDP per capital would most likely indicate that there is also a higher standard of living.