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- Per capita GDP is used to measure a country's standard of living. What other economic factors impact the day-to-day life of citizens in a country?Is there a better way to classify a country other than the use of GDP and per capita? ExplainWhat are the top 10 GDP/capita countries in the world? Please find the latest numbers. How does Canada and the USA rank in terms of GDP/capita?
- Suppose country A has a GDP of 4000 with a population size of 200; country B has GDP of 9000 with a population size of 300. Which country is more likely to have a better living standard?What is GDP per capita and why is it useful in measuring differences in living standards between different countries?Average Growth Rate (2000-2015) of Per Capita GDP Population GDP High-income countries United States 1.6 0.9 0.7 1.9 1. 0.9 Canada
- Why are business investments and consumption important to evaluate the economic situation of a country?In your opinion, will real GDP or per capita real GDP be a better indicator in measuring well-being of a nation?How much should you earn to make a living in different countries?How much money you think you would need for a decent living in yourcountry. Consider different situations for a household of 1, 2, 3, 4people.How that compares to GDP/capita?Build a table that would display the real difference in the wealth ofnations.
- What governmental and non-profit organization policies and initiatives do you think would be the most effective at improving a country's ongoing economic development.How does the standard of living differ in a first-world country compared to a third-world country?Determining the international economic/trade exposure of the Netherlands, to what extent is the Dutch economy exposed to international economic activities and why? Also comparing and contrasting the GDP and GNP values of the United States and Canada the GDP and GNP figures are very similar for the United States, why is it?
