Multiple Choice
Country A has a gross domestic product (GDP) of $200,000 and a population of 1,000.Country B has a GDP of $400,000 and a population of 4,000.Which of the following is true?
A) The value of output is higher in country A.
B) The value of income is higher in country A.
C) The value of GDP per capita is higher in country A.
D) The value of GDP per capita is higher in country B.
E) The average living standard is higher in country B.
Correct Answer:

Verified
Correct Answer:
Verified
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