To compare the standard of living in these countries using the provided chart, the first step you would take is to calculate GDP per capita for each country. GDP per capita is a common measure used to compare the standard of living between different countries. It is calculated by dividing the GDP of a country by its population. Here are the detailed steps:
1. Country A:
- Total Population: 5,000
- GDP: 10,000
- GDP per capita: [tex]\( \frac{10,000}{5,000} = 2.0 \)[/tex]
2. Country B:
- Total Population: 10,000
- GDP: 15,000
- GDP per capita: [tex]\( \frac{15,000}{10,000} = 1.5 \)[/tex]
3. Country C:
- Total Population: 2,000
- GDP: 8,000
- GDP per capita: [tex]\( \frac{8,000}{2,000} = 4.0 \)[/tex]
4. Country D:
- Total Population: 1,000
- GDP: 5,000
- GDP per capita: [tex]\( \frac{5,000}{1,000} = 5.0 \)[/tex]
So, you would divide each GDP number by its country's population to obtain the GDP per capita for each country. The GDP per capita values are:
- Country A: 2.0
- Country B: 1.5
- Country C: 4.0
- Country D: 5.0
