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?

Question

Quizplus · Accepted Answer

GDP per capita is calculated by dividing the GDP by the population. For Country A, it is $200,000 / 1,000 = $200. For Country B, it is $400,000 / 4,000 = $100. Therefore, the GDP per capita is higher in Country A.

Country a Has a Gross Domestic Product (GDP)of $200,000 and a Population