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.

Question

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.

Quizplus · Accepted Answer

Standard of living is more accurately reflected by GDP per capita rather than total GDP, as it accounts for the average income per person, indicating how prosperous a country feels to its individual citizens.

Table 7.1 -Refer to Table 7.1.Based on the Table Above, Which Country