Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

(a)[25]

The table below presents GDP figures for two countries in 2000 and 2010. Nation GDP in 2000 $US billions GDP in 2010 $US billions USA 9 825 13 271 India 469 929 Discuss whether these figures are enough to conclude that the standard of living in the USA is higher than the standard of living in India.

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