In terms of covering its necessities and conveniences, Adam Smith explained that a nation is better off or worse off according to Group of answer choices the ratio of overall output or income to population (i.e., output per capita or income per capita). More output per person means the nation is wealthier because it has more things per individual. the ratio of land to labor. The more land per person, the better off is the country because there is more agriculture. the number of people who live in the nation. More populous nations are better of because more people work and produce more things that can be added to the total supply. the number of factories that exist in a nation. A higher ratio of manufacturing to population means that there is more production and more people employed in manufacturing