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14 May, 03:59

Suppose Country A and Country B each have a GDP equal to $440 billion and $560 billion respectively. Country A has 100 million people and Country B has 175 million people. In this situation, per capita GDP is:

a. Higher in Country A.

b. Higher in Country B.

c. The same in both countries.

d. Country B has a higher inflation rate.

+1
Answers (1)
  1. 14 May, 05:37
    0
    A. Higher in Country A

    Explanation:

    So to get per capita income

    Formula

    GDP/Population

    Therefore

    For Country A

    440/100=4.4

    Per capita income for country A is 4.4

    For Country B

    560/175=3.2

    Per capita income for country B is 3.2

    So the per capita income for country A is higher than Country B
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Home » Business » Suppose Country A and Country B each have a GDP equal to $440 billion and $560 billion respectively. Country A has 100 million people and Country B has 175 million people. In this situation, per capita GDP is: a. Higher in Country A. b.
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