Economics 9708 · AS & A Level · Unemployment

Unemployment — practice question

The table shows the growth rate of nominal GDP, the population growth rate and the rate of inflation in one year for four countries. Which country experienced the greatest rise in average living standards?

  • Anominal GDP growth 6%; population growth 1%; inflation 3%
  • Bnominal GDP growth 8%; population growth 2%; inflation 4%
  • Cnominal GDP growth 10%; population growth 3%; inflation 4%
  • Dnominal GDP growth 15%; population growth 3%; inflation 10%

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