1.8 Based on the following data, in which years did the UK standard of living

(a) increase and

(b) decrease. Explain your answer.

9 In 2013, Jackie stopped working at Barclays and stayed at home to take care of her new baby. She did her own laundry instead of buying laundry service.
She baked her bread instead of buying it. She increased the volume of music and movies that she downloaded every day. Explain how Jackie’s new lifestyle shows up in real GDP. What changes are not changes in production?

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Year Real GDP (2013 pounds) Population 2006 1,670.3 billion 60.8 million 2007 1,713.0 billion 61.4 million 2008 1,702.3 billion 61.8 million 2009 1,628.5 billion 62.3 million