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23 January, 22:52

Country a has a higher gdp than country

b. what does this mean?

a. it means that on a per-capita basis the residents of country a are relatively better off (in terms of the goods and services they have available to them) than the residents of country

b.

b. it means that on a per-capita basis the residents of country a are richer than the residents of country

b.

c. it means that more goods and services were produced in country a than country

b.

d. it means that the total market value of the final goods and services produced in country a is greater than the total market value of the final goods and services produced in country

b.

e. a and d

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  1. 23 January, 23:49
    0
    The answer to this question is E. A and D.

    GDP is calculated by Consumption + Government spending + investment + capital expenditures.

    The value of goods and services that produced will be considered as capital expenditures that added GDP, while income won't add GDP until it is used as consumption
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