The Philippines and Vietnam have roughly the same size population. - 3616

Solution Posted by
UoPExpert

UoPExpert

Rating : (2)F
Solution Detail
Price: $1.30
  • From: ,
  • Posted on: Mon 26 Mar, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

 The Philippines and Vietnam have roughly the same size population. Suppose the GDP of the Philippines is $1,000 billion and the GDP of Vietnam is $10,000 billion. You should conclude 

A. a typical person in Vietnam is less than 10 times as well off as the typical person in the Philippines.

B. a typical person in Vietnam is 10 times as well off as the typical person in the Philippines.

C. a typical person in Vietnam is more than 10 times as well off as the typical person in the Philippines.

D. it is not possible to make a good comparison of the economic well being of a typical individual in the 2 countries without additional information.

 
Solution Description

The Philippines and Vietnam have roughly the same size population. Suppose the GDP of the Philippines is $1,000 billion and the GDP of Viet