Question

Australia has invested in capital goods, so their standard of living and GDP increasing true or false

Answer 1

Answer:

Australia has invested in capital goods, so their standard of living and GDP increasing is true.

Explanation:

• Capital goods are goods or objects that is used to produce other good or objects. Examples are buildings, furniture etc.,

• GDP measures the economic activity of the country.

• Investing in these goods has led to the "average household net-adjusted disposable income per capita as USD 32,759 a year", this increased the standard of living and resulted Australia as 'one of the highest' in the world.