According to the World Bank,in 2006,China's GDP was approximately $2.7 trillion (or $2,700 billion).That same year,India's GDP was approximately $906.3 billion.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 = 1.3 billion;India's population = 1.1 billion
B)China's population = 8.3 billion;India's population = 1.1 billion
C)China's population = 500 million;India's population = 125 million
D)China's population = 3.5 billion;India's population = 1.1 billion

Question

Quizplus · Accepted Answer

China's GDP per capita (GDP divided by population) in 2006 was $2,076, while India's GDP per capita was only $826. This shows that despite India having a smaller GDP overall, their larger population means that their standard of living is lower than that of China's. Therefore, option A (with both countries' populations closer to their actual values at the time) is the best choice. Option B has an unrealistic population for China, option C has unrealistic populations for both countries, and option D has an unrealistic population for both China and India.

According to the World Bank,in 2006,China's GDP Was Approximately $2