Andia has a nominal GDP of $600 billion, a GDP deflator of 150 and a population of 40 million. Zardia has a nominal GDP of $720 billion, a GDP deflator of 120 and a population of 50 million. Based on this information, which country does have a higher standard of living?
a. Andia because it had the higher nominal GDP per person.
b. Zardia because it had the higher nominal GDP per person.
c. Andia because it had the higher real GDP per person.
d. Zardia because it had the higher real GDP per person.
