Based on the GDP information in the table below for 2 countries:   Country A Country B GDP per capita in 2020 $30,000 $25,000 GDP per capita in 2021 $32,000 $30,000   Group of answer choices Countries A and B have improved their standard of living in 2021, but A’s living standards have lowered compared to B. Country A has improved their standard of living in 2021 more than country B. Countries A and B have improved their standard of living in 2021 but A has higher standards of living than B. Country B has a higher GDP in 2021 than country A.

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A: GDP per capita talks about standard of living but how this income is distributed is silent . It is…

Q: if A's GDP is higher than country's B GDP, does it follow that country A has a higher per capita GDP…

A: Gross domestic product (GDP) is the monetary value of all final goods and services produced within a…

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A: Gross domestic product refers to the total amount of all the goods, and services produced in an…

Q: Country A has a GDP of $300 billion and a population of 10 million, while country B has a GDP of $3…

A: Answer: Introduction: per capita GDP refers to the average income per person during a given year.…

Q: Having both table as a reference answer both questions a. Is there a better way to classify a…

A: Yes, there is a better way to classify a country other than the use of GDP and per capita as these…

Q: How does per capita GDP in the following countries "stack up" against America's ( in percentage…

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Q: 59 47,090 44.940 Germany Canada 41,310 Japan 30,600 20 High-income countries United States Canada…

A: Macroeconomic policy is concerned with the overall operation of the economy. In general,…

Q: Year Real GDP 2009 2010 $8 billion $10 billion Population 1.0 million 1.2 million Instructions:…

A: Real GDP per capita in 2009 will be: Real GDP per capita in 2009=Real GDP of 2009Population in…

Q: Consider the following data for country A: Population (millions) Real GDP Country ($ billions) 50…

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Q: Country A produces GDP according to the following equation: GDP = 5/K and has a capital stock of…

A: Introduction Country A produces its GDP according to the following equation = 5 K And the capital…

Q: GDP per 1980 сapta, current 1981 1982 1983 prices (U.S. dollars per сapita) Advanced…

A: The given data shows the GDP per capita of Advanced economies and developing economies. The data…

Q: Please explain correctly. Economics According to the 2016 Human Development Report (see pp.…

A: GDP or the gross domestic product of an economy is the value of all the final goods and services…

Q: What are the top 10 GDP/capita countries in the world? Please find the latest numbers. How does…

A: GDP per capita is the total output per person produced in the country.

Q: Aside from GDP, why we also can use the Human Development Index to measure the economic development?

A: The HDI is an index compiled and developed by the UN to measure the levels of social and economic…

Q: Based on the following data, GDP would equal while Net National Product equals. in Billions…

A: The term "Gross Domestic Product" refers to the total monetary value of all final goods and services…

Q: just c and d please thank you. question c needs two graphs (says figures). gdp per capita for all…

A: The GDP growth rate is a measure of how quickly an economy is expanding. It is calculated by…

Q: Country Population GDP Paraguay 7.045 Million $38,150 Million

A: Gross Domestic Product: It refers o the value of all the final goods and services that are produced…

Q: Use the table to answer the questions. Round your answers to the nearest cent. Country Gross…

A: Gross domestic product is the summation of a country's final goods and services. An increase in GDP…

Q: In your opinion, will real GDP or per capita real GDP be a better indicator in measuring well-being…

A: GDP is the money value of all final goods and services produced in an economy during a specific…

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Q: The use of GDP per head as an indicator of the standard of living and its problems e.g., inequality…

A: The value associated with all the final goods and services produced in an economy over a period is…

Q: The following table gives nominal GDP, real GDP, and the population for two years. Find per capita…

A: Gross Domestic Product  is the sum of all value added of a given economy. Value added is the…

Q: India has a higher GDP than Austria. Explain, using the concept of per capita GDP, why Austria…

A: Standard of living is the level of comfort, necessities, material goods, and wealth available to the…

Q: According to the figure showing 2020 GDP for selected countries, how much larger (in percentage…

A: GDP is the sum total of market value of final goods and services produced in a country during a…

Q: If the current real GDP growth rate and population growth rate are maintained, real GDP per person…

A: Rise in the production of goods and services on the sustainable basis is known as economic growth.…

Q: Why is GDP per capita is not the same as Economic well-being?

A: "GDP is the market value of all the final goods and services produced in an economy at a given…

Q: The text makes numerous cross-country comparisons, but that does not mean that we have to restrict…

A: The table presents the data for the per capita real GDP for six states in the U.S. between 1997 and…

Q: Question If the GDP per capita for Country T is $45, 020 and the population is 153 people, what is…

A: The average income earned per person during a given period. Real GDP per capita = Real GDP /…

Q: Explain why GDP per capita comparison among nations are not a perfect measure of differences in…

A:

Q: he per capita GDP in Western Europe was 1.200 dollars in 1820 and 3.460 dollars in 1913 while in…

A: Per Capita GDP is the GDP of a nation at a given level of Population. It is given by the formula,…

Q: should the GDP per capita in the united states be higher than Canada's

A: GDP of the country helps in the measurement of total goods and services produced by the…

Q: As an economist with the World Bank you have been asked to measure the Gross Domestic Product for…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by an…

Q: You work for a pharmaceutical multinational enterprise (MNE) that sells flu shots, which re…

A: 4) The data shows that the firm needs a large population or large scale to be viable than…

Q: Per capita GDP and average annual incomes are much higher in Alberta than New Brunswick. New…

A: The Gross Domestic Product (GDP) is the total value added in a given economy (GDP). The difference…

Q: im taking a macroeconomics course and we are working on free graphs I need some help writing a…

A: Real GDP is the worth of goods and services generated by an economy in a given period that has been…

Q: Three Irish sisters are thinking about emigrating in 1870. The options are going to the United…

A: d) The average growth rate, = (Absolute change/ Initial value)*100 = (New value- Initial value /…

Q: Use the table below to answer the following questions. GDP per capita GDP per capita Country 2013($)…

A: a. By looking at the "GDP per capita 2018 ($)" column in the table, Artinia has the highest value of…

Q: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million.…

A: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. GDP…

Q: Consider the table of GDP and population for several imaginary countries. Countrv Wrigleyville…

A: A.GDP per capita of Longhorn land:GDP per capita of Longhorn land can be calculated as follows:

Q: In 1980, Denmark had a GDP of $90 billion (measured in US dollars) and a population of 6.1 million.…

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Q: According to the table, Canada has the eleventh-highest GDP among the countries with the largest…

A: Answer -  By  using the table given in the question -" GDP per capita is the gdp divided by…

Q: From the World's Largest Economies 2016 visual, we can conclude which of the following to be the…

A: GDP refers to the gross domestic product which is the measurement of all the final commodities and…