If the United States had a higher GDP per capita than Australia, then what could we say was true?

Citizens of Australia enjoy a higher standard of living than citizens of the United States.
Australia produces more goods and services in total than the United States.
The amount of goods and services produced per citizen is higher in the United States than it is in Australia.
The amount of goods and services consumed per citizen is higher in the United States than it is in Australia.

GDP per capita is the output of each person, meaning it's how much the people produce (rather than consumed, so it's not D). Based on that definition, it's clear that the most likely answer is: the amount of goods and services produced per citizen is higher in the United States than it is in Australia.

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francocanacari francocanacari · Answer 2 · 2019-05-16T21:45:24+02:00

Answer:

If the United States had a higher GDP per capita than Australia, we could say that the amount of goods and services produced per citizen is higher in the United States than it is in Australia.

Explanation:

GDP per capita is a macroeconomic indicator of productivity and economic development, used to deliver a vision regarding the performance of a country's economic and social conditions, taking into account real growth and labor force. It is also generally used as an indicator of social welfare. It is the relationship between the GDP and the number of inhabitants of a country. To obtain it, it is necessary to divide the GDP of a country among its population, which shows the amount of goods produced per inhabitant in a given country.