Question

Country a has a higher gdp than country
b. what does this mean?
a. it means that on a per-capita basis the residents of country a are relatively better off (in terms of the goods and services they have available to them) than the residents of country
b.
b. it means that on a per-capita basis the residents of country a are richer than the residents of country
b.
c. it means that more goods and services were produced in country a than country
b.
d. it means that the total market value of the final goods and services produced in country a is greater than the total market value of the final goods and services produced in country
b.
e. a and d

Answer 1

The answer to this question is E. A and D.
GDP is calculated by Consumption + Government spending + investment + capital expenditures.
The value of goods and services that produced will be considered as capital expenditures that added GDP, while income won't add GDP until it is used as consumption