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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Antonio owns property on which a gasoline station once stood. Josh agrees to buy the land so that he can build an office on it.
Answers (1)
Evaluate the statement "Accounting is all about numbers.". Using the definition of accounting to justify your answer. (10 marks, maximum 250 words)
Answers (1)
A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the supplier are​ $7 per square​ foot, net of purchase discount.​ Freight-in amounts to​ $0.10 per square foot.
Answers (1)
Which statement is correct? The underwriters pay the spread. Taxes are an indirect underwriting cost. Seasoned equity offerings (SEOs) tend to be less costly than IPOs. Straight bonds are more costly to issue than convertible bonds.
Answers (2)
A used machine with a purchase price of $42,397, requiring an overhaul costing $8,867, installation costs of $4,773, and special acquisition fees of $16,847, would have a cost basis of
Answers (1)
New Questions in Business
You just received a bonus at your job of $4,000 which you decide to put in a saving account at the local bank. Assume that banks lend out all excess reserves and there are no leaks in the banking system.
Answers (1)
Ivy is investing in a home cleaning franchise called HomeKeepers. At her first interview with the franchisor's selling agent, she was told the parent company expects 5% royalties. What are royalties?
Answers (1)
Cushing Manufacturing assigns overhead based on machine hours. The MillingDepartment logs 1,800 machine hours and Cutting Department shows 3,000 machinehours for the period.
Answers (1)
The Conity Corporation has an Electric Mixer Division and an Electric Lamp Division. Of a $ 15 comma 000 comma 000 bond issuance, the Electric Mixer Division used $ 9 comma 300 comma 000 and the Electric Lamp Division used $ 5 comma 700 comma 000
Answers (1)
Two leading home appliance companies, Redwood Inc. and Boxer Technologies, are in competition for market share. In their quest for exciting new products, Redwood employs an open innovation model, while Boxer pursues a closed innovation model.
Answers (1)