It is expected that in the next twenty years the gross domestic product of China will become larger than the gross domestic product of the United States. When this happens, what does it suggest about the standards of living in both countries?

Based on the GDP information in the table below for 2 countries:   Country A Country B GDP per capita in 2020 $30,000 $25,000 GDP per capita in 2021 $32,000 $30,000   Group of answer choices Countries A and B have improved their standard of living in 2021, but A’s living standards have lowered compared to B. Country A has improved their standard of living in 2021 more than country B. Countries A and B have improved their standard of living in 2021 but A has higher standards of living than B. Country B has a higher GDP in 2021 than country A.

South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. Ecuador has a GDP of $12 billion (measured in U.S. dollars) and a population of 4.5 million. Calculate per capita GDP for each country.   Question 24 options:   South Africa = $222.22; Ecuador = $2,666.67   South Africa = $22.22; Ecuador = $266.67   South Africa = $2222.22; Ecuador = $26,666.67   South Africa = $22.22; Ecuador = $2,666.67

In 1980, Denmark had a GDP of $90 billion (measured in US dollars) and a population of 6.1 million. In 2000, Denmark had a GDP of $150 billion (measured in US dollars) and a population of 6.2 million. By what percentage did Denmark's GDP per capita rise between 1980 and 2000?   Question 23 options:   205%   144%   64%   120%