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Vikentia [17]
3 years ago
6

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

Biology
1 answer:
Ronch [10]3 years ago
7 0

<u>Answer:</u>

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

<u>Explanation:</u>

  • 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.
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