Question

20 points!

Use the country Mexico. In early 2022, the GDP per capita of the United States was $59,312. How does this compare with your selected country? What does it tell you about standard of living in your selected country versus the United States? Respond to these questions using at least three to five sentences. use the country Mexico

Answer 1

GDP per capita measures the economic output of a nation per person. It seeks to determine the prosperity of a nation by economic growth per person in that nation. Per capita income measures the amount of money earned per person in a nation.