Question

What does a rise in per capita GDP indicate?

increased productivity
increased productivity

better trade deals
better trade deals

more bank loans
more bank loans

increased population
increased population

Answer 1

Overall, a rise in per capita GDP indicates an increase in the average income and standard of living of a country's residents. This can be due to various factors such as increased productivity, better trade deals leading to more income generation, increased availability of bank loans for investment and spending, and a growing population contributing to the economy.