Question

When the rate of growth of GDP is minus 3 percent per
year, then the respective index of growth is:

Answer 1

Answer:

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period.[2][3] GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market.[4] Total GDP can also be broken down into the contribution of each industry or sector of the economy.[5] The ratio of GDP to the total population of the region is the per capita GDP and the same is called Mean Standard of Living.

Answer 2

Answer:

mean standard of living is ur answer hope it helps u keep smiling