Table 7.1 
-Refer to Table 7.1.Based on the table above, which country has a higher standard of living and why?
A) Sweden has a higher standard of living because its GDP is higher.
B) Ireland has a higher standard of living because its GDP per capita is higher.
C) Sweden has a higher standard of living because its GDP per capita is higher.
D) Ireland has a higher standard of living because growth in GDP is greater in Ireland than in Sweden.
E) Ireland and Sweden have almost identical standards of living.
Correct Answer:
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