Question

Consider the following data to answer the following questions: Country GDP Population A $32,000 1,500 B $20,000 1,000 C $10,000 500 D $10,000 2,000 E $8,000 800 Which two countries have the same average living standard? g

Answer 1

countries B and C

Step-by-step explanation:

The standard of living of a country can be measured by determining which country as the highest GDP per capita

GDP per capita = GDP / population

A = $32,000 / 1,500 = 21.3

B = $20,000 / 1,000 = 20

C= $10,000 / 500 = 20

D = $10,000 / 2,000 = 5

E = $8,000 / 800 = 10

Based on the above calculations, countries B and C have the same average living standard