Comparing Real GDP Per Capita
Country A has a real GDP of $5,000 and a population of 20, whereas Country B has a real GDP of $20,000 and a population of 100. Which of the following statements is true?
A
Country A has a higher standard of living.
B
Productivity in Country B must be lower.
C
Country B has a higher standard of living.
D
Country B has a higher real GDP growth rate.
E
Country A has a higher real GDP growth rate.
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