Question 29(Multiple Choice Worth 3 points) (05.02 HC) Review the chart to answer the question that follows. Total Population GDP Country A 5,000 10,000 Country B 10,000 15,000 Country C 2,000 8,000 Country D 1,000 5,000 Using only this chart, which step would you take first to compare the standard of living in these countries? Add the GDP numbers for the countries to get a total. Divide each GDP number by its country's population. Subtract each population number from its country's GDP. Multiply the population number by the GDP for each country.

The correct answer is

Divide each GDP number by its country's population.

Explanation:

If we divide each GDP number by its country's population, we will obtain the GDP Per Capita, which is a measure that can determine the standard of living of the countries. In fact, GDP Per Capita is one of the most used measures to measure the standard of living of a country,

In the table, we will add a row with the GDP Per Capita for each country:

Country      Population     GDP       GDP Per Capita

A                  5,000            10,000        2

B                 10,000            15,000       1,5

C                  2,000              8,000       4

D                  1,000               5,000       5

Under these figures, the country with the highest standard of living is the country with the highest GDP Per Capita, that is to say, country D.

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explanation:

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