Country A has a GDP of $60,000,000, and Country B has a GDP of 40,000,000. If the populations of Countries A and B are 40,000 and 20,000, respectively, which country is most developed based on per capita GDP, and why?(1 point)

Question

Country B is more developed because it produces a GDP of $80,000,000, while Country A only produces $1,500 per person.
Country B is more developed because it produces a GDP of $80,000,000, while Country A only produces $1,500 per person.

Country A is more developed because it produces $1,500 per person, while Country B has a GDP of $40,000,000.
Country A is more developed because it produces $1,500 per person, while Country B has a GDP of $40,000,000.

Country B is more developed because it produces $2,000 per person, while Country A only produces $1,500 per person.
Country B is more developed because it produces $2,000 per person, while Country A only produces $1,500 per person.

Country A is more developed because it has a GDP of $60,000,000, while Country B only has a GDP of $40,000,000.

Answer 1

Country B is more developed because it has a higher per capita GDP of $2,000 compared to Country A's per capita GDP of $1,500. This means that Country B produces more wealth on average for each of its citizens compared to Country A.