Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

The table illustrates how three economic indicators changed over a two-year period in a country. In which year would GDP have been the most precise indicator of the standard of living in that country?

  • Apopulation constant; inflation rate low and stable; income distribution equal
  • Bpopulation constant; inflation rate low and unstable; income distribution unequal
  • Cpopulation rising; inflation rate low and stable; income distribution equal
  • Dpopulation rising; inflation rate low and unstable; income distribution unequal

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