Question

Suppose Country A has a real GDP per capita of $18,000 and Country B has a real GDP per capita of $24,000. We can conclude that:

Answer 1

Based on the real GDP per capita of Country A and B, it can be concluded that the standard of living in Country B is higher.

What does real GDP per capita mean?

Real GDP is the value of all final goods and services produced in an economy in a given year adjusted for inflation. Real GDP per capita is the real GDP of a country divided by the population of the country, Real GDP per capita is used to measure the standard of living of the population.

If the Real GDP per capita of a country is $18,000. It means that the share of the country's Real GDP that each person in that country gets is $18,000.

To learn more about per capita GDP, please check: https://brainly.com/question/26375227