The price of a standard basket of goods in Country A is 10 pesos. The price of the same basket of goods in country B is 25 francs and $5 in the United States. Country A has an income per capita of 60,000 pesos, and country B has an income per capita of 100,000 francs. Assume full employment in both countries.
-Refer to the scenario above. The difference between the GDP per capita in Country A and country B is________.
A) $20,000
B) $40,000
C) $10,000
D) $60,000
Correct Answer:
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