Although GDP is not the same as economic well-being, high levels of GDP are positively correlated with all of the following except: a

Economics Nov 07, 2020

Although GDP is not the same as economic well-being, high levels of GDP are positively correlated with all of the following except:

a. higher rates of infant mortality

b. higher material standards of living

c. longer life expectancies

d. higher rates of literacy

Expert Solution

Ans. Option a

GDP is the market value of all the goods and services produced within the economy in a goven period of time. So, when the GDP increases, the production of goods and services increases, so, according to the principle's of economics, the standard of living can be increased by production of goods and services which will also increase life expectancy and literacy rate. Also, this will help reduce infant mortality.

Thank you

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