Answer:
The change in the standard of living, measured by growth in real GDP per person, is 0.1356%
Step-by-step explanation:
Given,
In the current year,
Population = 31.5 million,
Real GDP = $814 million,
So, the real GDP per person = ≈ 25.841
In the previous year,
Population = 31 million,
Real GDP = $800 million,
So, the real GDP per person = ≈ 25.806
Hence, change percentage =
≈ 0.1356 %