Economics 0455 · IGCSE · Living standards

Living standards — practice question

The table presents the real GDP per head for a country in 2021 and 2022. 2021: $\$20000$ 2022: $\$21000$ What is most likely to have changed between 2021 and 2022?

  • AIncomes were distributed more evenly.
  • BThere was more activity in the informal economy.
  • CThe living standards of some people improved.
  • DThe rate of inflation increased.

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