Question: Consider two countries, Alpha and Beta. In Alpha, real GDP is $ 6 , 0 0 0 and population is 3 0 0 . In
Consider two countries, Alpha and Beta. In Alpha, real GDP is $ and population is In Beta, real GDP is $ and population is Based on this information, we can say that
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both Alpha and Beta have the same standard of living.
the standard of living is higher in Beta than in Alpha.
the standard of living is higher in Alpha than in Beta.
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