Scenario: the Price of a Standard Basket of Goods in Country

question 6

Multiple Choice

Scenario: The price of a standard basket of goods in Country A is 10 pesos. The price of the same basket of goods in country B is 25 francs and $5 in the United States. Country A has an income per capita of 60,000 pesos, and country B has an income per capita of 100,000 francs. Assume full employment in both countries.
-Refer to the scenario above.The difference between the GDP per capita in Country A and country B is ________.

• A) $20,000
• B) $40,000
• C) $10,000
• D) $60,000

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To evaluate or assess something or someone in order to make a decision, often used in contexts like employment, investment, or healthcare.

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The anticipated amount of loss in an investment or insurance scenario, calculated by considering the probability and magnitude of possible losses.

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The anticipated amount of loss a party faces in a financial transaction or investment, calculated based on probable scenarios.