Last year Country A had a population of 16 million, nominal GDP of 480,000 million, and a GDP deflator of 120. Country B had a population of 10 million a nominal GDP of 400,000 million and a GDP deflator of 125. Which country is likely to have the higher standard of living?
A.Country B because it has the higher level of real GDP per person.
B.Country B because it has the higher level of nominal GDP per person.
C. Country A because it has the higher level of real GDP per person.
D.Country A because it has the higher level of nominal GDP per person.
