5. Refer to the 2011 data in the following table.

Nominal GDP in billions of dollars United States $14,990 China 7,318 European Union 17,570 Which of the following must be true?

I. Residents of China were worse off than residents of the United States or the European Union.

II. The European Union had a higher nominal GDP per capita than the United States.

III. The European Union had a larger economy than the United States.

a. I only

b. II only

c. III only

d. II and III

e. I, II, and III