Refer to Table 6.1 for the following question.
Table 6.1

-Refer to Table 6.1. Which country has a higher standard of living and why?
A)Sweden has a higher standard of living because their GDP is higher.
B)Ireland has a higher standard of living because their GDP per capita is higher.
C)Sweden has a higher standard of living because their GDP per capita is higher.
D)Ireland has a higher standard of living because growth in GDP is greater in Ireland than in Sweden.

Question

Refer to Table 6.1 for the following question.
Table 6.1
 
-Refer to Table 6.1. Which country has a higher standard of living and why?
A)Sweden has a higher standard of living because their GDP is higher. 
B)Ireland has a higher standard of living because their GDP per capita is higher. 
C)Sweden has a higher standard of living because their GDP per capita is higher. 
D)Ireland has a higher standard of living because growth in GDP is greater in Ireland than in Sweden.

Quizplus · Accepted Answer

GDP per capita is a more accurate measure of the standard of living than total GDP because it accounts for the population size. If Ireland's GDP per capita is higher, it suggests that, on average, individuals in Ireland have higher incomes and likely a higher standard of living than those in Sweden.

Refer to Table 6.1 for the Following Question