Business, 18.02.2020 22:52 Elliendc7939
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 population 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.
Answers: 3
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Last year Country A had a population of 16 million, nominal GDP of 480,000 million, and a GDP deflat...
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