Question
a.Brazil's real GDP in 2018 (using 2010 constant prices) was USD2,309,659.39 million as opposed to Brunei's USD13,485.22 million. Brazil's real GDP per person using purchasing
a.Brazil's real GDP in 2018 (using 2010 constant prices) was USD2,309,659.39 million as opposed to Brunei's USD13,485.22 million. Brazil's real GDP per person using purchasing power parity (2011 figures) in 2018 is USD14,283 as opposed to Brunei's USD71,802 (figures from the World Development Index Database).
Which set of figures would give you a better measure of each country's respective standard of living? Justify your answer.
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Elementary Statistics
Authors: Robert R. Johnson, Patricia J. Kuby
11th Edition
978-053873350, 9781133169321, 538733500, 1133169325, 978-0538733502
