Foundations of Inclusive Business Models Assessment
Module 1 • 10 Questions
Question 1 of 10
0 of 10 answered
India's GDP grew at a CAGR of roughly 4.9% between 1950-51 and 2019-20, yet GDP per capita grew at only about 3.0% over the same period. According to the notes, what does this gap between the two growth rates indicate?
A
GDP per capita is always calculated on a different base year, so the two rates cannot be compared.
B
The gap reflects an accounting error in the Oxfam "Survival of the Richest" report.
C
Population growth outpaced overall output expansion, so average individual welfare improved much more slowly than the headline economy suggests.
D
The corporate tax reduction of recent years artificially inflated total GDP.