This problem has been solved! See the answer From 2010 to 2020, Benin recorded an average economic growth rate of 4% and average labour growth rate of 7%

This problem has been solved!

See the answer

From 2010 to 2020, Benin recorded an average economic growth rate of 4% and average labour growth rate of 7%. During this period, the GDP deflator changed from 120 to 145, and the Gini-coefficient changed from 0.671 to 0.608.

Regarding the above period, what can you say about the changes in the overall economic performance, including labour productivity, general price level and income distribution from the above data? Briefly explain your answer.

Hint: no calculation is required. Just interpret and compare the given figures.