Last year Country A had a population of 16 million, nominal GDP of 480,000 million, and a GDP deflator of 120. Country B had a p
opulation of 10 million a nominal GDP of 400,000 million and a GDP deflator of 125. Which country is likely to have the higher standard of living?
A.Country B because it has the higher level of real GDP per person.
B.Country B because it has the higher level of nominal GDP per person.
C. Country A because it has the higher level of real GDP per person.
D.Country A because it has the higher level of nominal GDP per person.
A.Country B because it has the higher level of real GDP per person.
B.Country B because it has the higher level of nominal GDP per person.
C. Country A because it has the higher level of real GDP per person.
D.Country A because it has the higher level of nominal GDP per person.
1 answer:
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