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devlian [24]
2 years ago
7

Suppose Country A and Country B each have a GDP equal to $440 billion and $560 billion respectively. Country A has 100 million p

eople and Country B has 175 million people. In this situation, per capita GDP is:
a. Higher in Country A.
b. Higher in Country B.
c. The same in both countries.
d. Country B has a higher inflation rate.
Business
1 answer:
Ber [7]2 years ago
3 0

Answer:

A. Higher in Country A

Explanation:

So to get per capita income

Formula

GDP/Population

Therefore

For Country A

440/100=4.4

Per capita income for country A is 4.4

For Country B

560/175=3.2

Per capita income for country B is 3.2

So the per capita income for country A is higher than Country B

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Answer:

$0

Explanation:

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During year 2, they will record the warranty expense for that year:

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3 years ago
The production decisions of perfectly competitive firms follow one of the Ten Principles of Economics, which states that rationa
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3 years ago
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Answer:

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Given:
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