26Measuring Development Living StandardsMedium1 mark
Which characteristics of population, the informal economy and inflation would mean that Gross
Domestic Product (GDP) is more likely to be an accurate indicator to compare the standard of living
over time?
| population | size of informal economy | rate of inflation | |
|---|---|---|---|
| A | rising | large | rising |
| B | rising | small | stable |
| C | stable | large | rising |
| D | stable | small | stable |