Macroeconomic

The United Nations Human Development Report gives the following data for real GDP per person in 2018: China, $15,270; Russia. $24,233; Canada. $43,433; United States. $54,941. Other information suggests that household production is similar in Canada and the United States and smaller than in China and Russia. The underground economy is larger in Russia and China and a similar proportion of each of these economies. Canadians and Americans enjoy more leisure hours than do the Chinese and Russians. Canada and the United States spend signicantly more on the environment than do China and Russia. In which pair (or pairs) of countries is it easiest to compare the standard of living? And in which pair (or pairs) is it most difcult? Explain why. The standard of living can be easily compared . O A. among all four countries because real GDP per person includes a reliable measure of income. household production, the underground economy, leisure hours, and the environment _ O B. between China and Canada because they have a similar land size . O C. between Russia and the United States because they are both super powers . O D. among none of the four countries because they are too different 0 E. between China and Russia or between Canada and the United States, because household production, the underground economy. leisure hours, and the environment are similar in each pair The standard of living cannot be easily compared in because 0 A. Russia and China: because one is much bigger than the other 0 B. either China or Russia and either Canada or the United States; in each pair the population densities are different 0 c. either China or Russia and either Canada or the United States; in each nair hnusehnld nrnduntinn. the underground ecnnnrnv leisure hours. and the environment are Time Remaining: 01:34:37 m , 'waanwutzs