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 KCSE business studies paper 1 revision questions and answers set 4

The table below shows the growth rate of gross domestic product (GDP) of a certain country for two years
2003-6.5%
2005-2.0%
Highlight four circumstances under which the standards of living of the citizens of the country referred to above may not necessarily have
been lower in 2005 than 2003

 (3m 3s)
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Answer Text:
-Population not overworked
-Leisure time is provided for the working population
-Equitable distribution of income
-Drop in general price levels
-Drop in population
-If majority of people depend on non-productive government activities.


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