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Question Practice

If the GDP of a country rises but the population also grows at a faster rate, what can be inferred?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
National Income Accounting
Question Bank

If the GDP of a country rises ...

Single Answer MCQ
Q-00106688

If the GDP of a country rises but the population also grows at a faster rate, what can be inferred?

1

The standard of living is improving.

2

The economy's growth is outpacing population growth.

3

Per capita income may not be growing.

4

The economic inequality is decreasing.

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Q1.

What does GDP stand for?

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Q2.

Which of the following is NOT included in GDP calculation using the expenditure method?

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Q3.

In the expenditure method, which component represents expenditures by households?

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Q4.

What is the formula for GDP using the expenditure method?

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