Economics 2281 · O Level · Living standards

Living standards — practice question

The table gives the real GDP per head for a country in 2021 and 2022. 2021: $20\,000 2022: $21\,000 What is the most likely change 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.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI