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After reading Principles of Macroeconomics, craft an initial response that analyzes the intersection between GDP per...

After reading Principles of Macroeconomics, craft an initial response that analyzes the intersection between GDP per capita growth and living standards.

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Answer #1

by gdp we mean the total goods and services produced within the country in a specific period of time. when we divide it with the total population we get the gdp percapita which we generally consider as a indicator of standard of living of people. as gdp percapita increases we can say the standard of living of people has also increased so there is a direct relationship between the two.

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