Question
The gross domestic product (GDP) of the United States is $50,859, which is much higher than most countries.
Why is the GDP per capita often used as a sign of a country’s standard of living?
A.The higher a country’s GDP per capita, the higher the incomes of most people in the country.
B.The higher a country’s GDP per capita, the lower the cost of goods and services in the country.
C.The higher a country’s GDP per capita, the more income the nation has to meet the needs of the people.
D.The higher a country’s GDP per capita, the higher the number of people living in comfort and wealth in the country.
Why is the GDP per capita often used as a sign of a country’s standard of living?
A.The higher a country’s GDP per capita, the higher the incomes of most people in the country.
B.The higher a country’s GDP per capita, the lower the cost of goods and services in the country.
C.The higher a country’s GDP per capita, the more income the nation has to meet the needs of the people.
D.The higher a country’s GDP per capita, the higher the number of people living in comfort and wealth in the country.
Answers
GPT-4o mini
The correct answer is:
C. The higher a country’s GDP per capita, the more income the nation has to meet the needs of the people.
GDP per capita is a useful indicator of a country's economic performance and is often associated with the standard of living, as it reflects the average income available to each person in the country, which can indicate the ability to afford goods, services, and a higher quality of life.
C. The higher a country’s GDP per capita, the more income the nation has to meet the needs of the people.
GDP per capita is a useful indicator of a country's economic performance and is often associated with the standard of living, as it reflects the average income available to each person in the country, which can indicate the ability to afford goods, services, and a higher quality of life.