Increase in macronias real gdp per capita

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Question: Macronia's real GDP per capita increased by 10% over the last year. However, the vast majority of Macronian residents feel that their standard of living has actually decreased over the last year. Describe two reasons why most Macronian residents might feel their standard of living has fallen, despite the increase in Macronia's real GDP per capita.

Reference no: EM133322276

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