Which one of the following implies an improvement in the economic wellbeing of the people of a country?

Question

Which one of the following implies an improvement in the economic wellbeing of the people of a  country?

Answer

The real GDP increased mainly due to an increase in defence expenditure.

Answer

The increase in the real GDP of 10% is distributed evenly amongst the population of a  country, which grew by 1%.

Answer

The nominal GDP increased by 10%, while the price level increased by 12% and there was  no increase in the population.

Answer

The nominal GDP increased by 6%, while the price level increased by 6% and the population  increased by 1%.

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