Assume two countries have the same nominal gdp per capita (measured in the same currency using the same accounting rules). give at least three reasons why you cannot assume that citizens in each country enjoy approximately the same level of economic well-being. briefly explain the rationale behind each reason you give.

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above