The Philippines and Vietnam Have Roughly the Same Size Population

question 5

Multiple Choice

The Philippines and Vietnam have roughly the same size population.Suppose the GDP of the Philippines is $1,000 billion and the GDP of Vietnam is $10,000 billion.You should conclude

• A)a typical person in Vietnam is 10 times as well off as the typical person in the Philippines.
• B)a typical person in Vietnam is more than 10 times as well off as the typical person in the Philippines.
• C)a typical person in Vietnam is less than 10 times as well off as the typical person in the Philippines.
• D)it is not possible to make a good comparison of the economic well being of a typical individual in the 2 countries without additional information.

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Definitions:

Family Incentive

Rewards or encouragements aimed at promoting desirable behavior or actions among family members.

Distribution

The process of making a product or service available for the consumer or business user that needs it.

Codicil

A supplement or addition to a will, not necessarily replacing the original will, but modifying, explaining, or otherwise altering its terms in some way.

Primary Beneficiary

The primary beneficiary is the individual or entity designated to receive the benefits or proceeds of a policy or plan before any others.