Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 19, Problem 31P

Ethiopia has a GDP of $ 8 billion (measured in U.S. dollars) and a population of 55 million. Costa Rica has a GDP of $ 9 billion (measured in U.S. dollars) and a population of 4 million. Calculate the per capita GDP for each country and identify which one is higher.

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