The following statement is false. Correct and justify your response. India’s standard of living is growing...
The following statement is false. Correct and justify your response.
India’s standard of living is growing faster than China’ because India’s GDP growth in recent years is starting to grow faster than China’s.
Homework Answers
It can actually be mentioned that standard of living is dependent on various factors and not only GDP where the population growth rate has too be observed, the facilities of the country has to be observed and also the education rate and the per capita income should also be observed that is the reason it can be mentioned that just merely by the growth rate of GDP, one cannot say that the standard of living is growing faster in India than that of China.
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Correct answers and explain for all, thanks!
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