How does the standard of living improve as the income of people increases ?
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Broadly shared growth in per capita GDP increases the typical American's material standard of living. ... Either can increase the overall size of the economy but only strong productivity growth can increase per capita GDP and income
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Broadly shared growth in per capita GDP increases the typical American's material standard of living. ... Either can increase the overall size of the economy but only strong productivity growth can increase per capita GDP and income.2
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