Exhibit 17-3 
-The data in Exhibit 17-3 shows the values of real GDP and population for two countries,A and B,for the years 2010 and 2011.Which of these two countries experienced a faster increase in the standard of living between 2010 and 2011?
Definitions:
Dollar Appreciates
An increase in the value of the US dollar relative to other currencies in the global foreign exchange markets.
European Vacation
A period of leisure time spent traveling or staying in countries within Europe, often characterized by visits to cultural sites, historical landmarks, and natural attractions.
Debtor Nation
A country that has a net debt to other countries, meaning its external liabilities exceed its external assets.
Foreign Assets
Investments in foreign countries, including stocks, bonds, real estate, or direct investments in business ventures.
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