(Table 3: Economic Data for Countries A, B, C, and D

question 99

Multiple Choice

(Table 3: Economic Data for Countries A, B, C, and D, 2008 to 2018) Table 3 provides data on real GDP, real GDP per capita, and growth in real GDP per capita over a decade. Which country had the highest average standard of living in 2008?
$\begin{array}{l}\text { Table 3. Economic Data for Countries A, B, C, and D, } 2008 \text { to } 2018\\\begin{array}{|l|l|l|l|l|}\hline & \text { Country A } & \text { Country B } & \text { Country C } & \text { Country D } \\\hline 2008 \text { real GDP } & \$ 5,000 & \$ 7,000 & \$ 15,000 & \$ 33,000 \\\text { per capita } & & & & \\\hline 2008 \text { real GDP } & \$ 500 \text { billion } & \$ 300 \text { billion } & \$ 900 \text { billion } & \$ 2 \text { trillion } \\\hline 2018 \text { real GDP } & \$ 9,000 & \$ 10,000 & \$ 20,000 & \$ 36,000 \\\text { per capita } & & & & \\\hline 2018 \text { real GDP } & \$ 910 \text { billion } & \$ 430 \text { billion } & \$ 1.4 \text { trillion } & \$ 2.2 \text { trillion } \\\hline\end{array}\end{array}$

• A) A
• B) B
• C) C
• D) D

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Definitions:

Union Contracts

Agreements negotiated between labor unions and employers that outline terms of employment, worker rights, and conditions, also known as collective bargaining agreements.

Peer Review Panel

A committee of experts evaluating the quality, relevance, or performance of work or research.

Managerial Control

The process by which an organization's management directs and coordinates activities to achieve its objectives and comply with company policies.

Seniority

The concept of recognizing or prioritizing individuals based on their length of service or duration in a position or organization.