According to the World Bank, in 2013 China's GDP was approximately $9.24 trillion (in U.S.dollars). That same year, India's GDP was approximately $3.88 trillion (also in U.S.dollars).With which of the following populations would China's standard of living have been considered higher than India's that year?
A)China's population = 1.4 billion; India's population = 1.3 billion
B)China's population = 5.3 billion; India's population = 1.4 billion
C)China's population = 500 million; India's population = 125 million
D)China's population = 2.0 billion; India's population = 0.7 billion
E)China's population = 1.2 billion; India's population = 1.4 billion

Question

Quizplus · Accepted Answer

China's standard of living would have been considered higher than India's with a population of 1.4 billion for China and 1.3 billion for India. This is because China's GDP is significantly higher than India's, which suggests that the average income per person in China is likely higher as well. However, it is worth noting that GDP alone does not necessarily reflect the standard of living or quality of life of a population.

According to the World Bank, in 2013 China's GDP Was