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Economics · Oct / Nov 2023 · Paper 12 · Question 21

2281Living standards

The table shows the real GDP per head for a country in 2021 and 2022. | 2021 | 2022 | | $20 000 | $21 000 | What is most likely to have changed between 2021 and 2022?

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

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Correct answer: C. The living standards of some people improved.

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