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Which of the following countries will have the lowest standard of living in the very long term? Country A which has a GDP per capita
Which of the following countries will have the lowest standard of living in the very long term?
- Country A which has a GDP per capita of $ 1000 and a growth rate of 5% per year.
- Country D which has a GDP per capita of $ 60,000 and a growth rate of 1% per year.
- Country C which has a GDP per capita of $ 40,000 and a growth rate of 2% per year.
- Country B which has a GDP per capita of $ 5,000 and a growth rate of 3% per year.
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