Economic Analysis of Social Issues 1st Edition by Alan Grant

Exercise 24

In Japan, real GDP per capita is higher than it is in Greece. However, people in Japan work much longer hours than people in Greece. This disparity in work hours suggests that _____.
A) Greece looks poorer, relative to Japan, than it really is
B) Greece looks richer, relative to Japan, than it really is
C) The real GDP per capita numbers accurately capture the well-being of Greece and Japan.