If a nation has GDP of $60.8 billion and GDP per capita of $78,800, what is the nation's population?

Explain why GDP per capita comparisons among nations are not a perfect measure of differences in economic well-being.

Use the table to answer the questions. Round your answers to the nearest cent. Country A Country CountryGross domestic product (GDP) Population 7 trillion $1.25 trillion 350 million 50 million What is the GDP per capita for Country A? What is the GDP per capita for Country B? Which country has the largest average GDP per capita? Country A O Country B

Economists can do a reasonably good job of calculating GDP, GDP per capita, NDP, etc. Do you agree? Discuss some non economic sources of well being-including the quality of life, and intangible measures of life satisfaction. Are you expecting to be better off than your parents are?

The social well-being of a country Is best measured by per capita GDP. Always increases when real GDP increases. Decreases when real GDP decreases. Is measured by more than changes in real GDP.

How quickly does GDP need to grow in order to provide for population growth?

how does happiness influence economic development and GDP through social, economic, and political factors.

Suppose country A has a GDP of 4000 with a population size of 200; country B has GDP of 9000 with a population size of 300. Which country is more likely to have a better living standard?

If a country’s GDP grows by 10% per year, why isn’t the number of years it takes to double the GDP simply 100%/10% = 10 years?

Why are business investments and consumption important to evaluate the economic situation of a country?