The Following Table Shows Economic Data for Two Countries

question 7

Multiple Choice

The following table shows economic data for two countries.

-Refer to the table above.GDP per capita is higher in which country?

• A) Country A
• B) GDP per capita in Country A is equal to the GDP per capita in Country B
• C) Country B
• D) Cannot determine with the information given above

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Definitions:

Small Business Owner's Product

A product or service that is offered by an entrepreneur owning and running a small-scale business.

Breakeven Point

The level of production or number of sales at which costs equal revenues, resulting in neither profit nor loss.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Luxury Goods

Products or services that are not essential but are considered desirable and are associated with high quality and high price.