Question 9 (1 point) The total GDP of Fantasia is $100 million and the total pop

Question

Question 9 (1 point) The total GDP of Fantasia is $100 million and the total population is 2,000 while the total GDP of Atlantis is $500 million and the total population is $10,000. Choose the answer below that is consistent with these data. The people of Fantasia have a higher standard of living on average compared to the A people of Atlantis since they have a smaller population. )Fantasia since they have a higher total GDP C) Both countries have the same GDP per Capita of $50.000 per person. D) about the average standard of living or the average income level of a country since The people of Atlantis enjoy a higher average standard of living than the people of The premise of the question is faulty. Knowing the GDP per capital tells you nothing GDP measures output and not income.

Explanation / Answer

9) The asnwer is C -) Both countries have the same GDP per capital of $50,000 per person.

because GDP per capital = total GDP / population .

so, in Fantasia GDP per capita = 100 / 2000 = 0.05 milion. or $50,000 .

and in Atlantis GDP per capita = 500 /10000 = 0.05 million or $50,000

so both countries have same GDP per capita.

6) please upload them again. it against chegg policy.

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