asked 142k views
0 votes
Does a rising GDP benefit everyone? Explain

1 Answer

3 votes

Answer:When a country's GDP is high it means that the country is increasing the amount of production that is taking place in the economy and the citizens have a higher income and hence are spending more. However, increase in GDP does not necessarily increase the prosperity of each and every income class of the nation.

Step-by-step explanation:

answered
User Skofgar
by
8.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.