According to the table, Canada has the eleventh-highest GDP among the countries with the largest economies in the world. Does this mean Canada also has the eleventh-best standard of living? Fill in the blanks to complete the passage. World's Largest Economies by GDP, 2013 (1) (2) Country (3) (4) Per capita GDP (U.S. dollars) Rank 2013 GDP (billions of U.S. dollars) $53,042 United States $16,768 1 6,807 2 China 9,240 38,634 3 Japan 4,920 46,269 4 Germany 3,730 42,503 5 France 2,806 United Kingdom 41,787 6 2,678 11,208 7 Brazil 2,246 2,149 35,926 8 Italy 18,783 Russia 2,097 1,499 10 India 1,877 11 Canada 1,827 51,958 Drag word(s) be low to fill in the blank(s) in the passage. Canada's GDP is a that Canadians have the eleventh-best standard of living. A nation's better standard-of-living indicator, because it measures Using this measure, it looks like Canada has a better standard of living than all but one other nation. total productivity indicates does not indicate per capita GDP average income

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter32: Macroeconomic Policy Around The World
Section: Chapter Questions
Problem 30P: Retrieve the following data from The World Bank database (http //databank.worldbank. org/data/...
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According to the table, Canada has the eleventh-highest GDP among the countries with the largest
economies in the world. Does this mean Canada also has the eleventh-best standard of living? Fill
in the blanks to complete the passage.
World's Largest Economies by GDP, 2013
(1)
(2)
Country
(3)
(4)
Per capita
GDP
(U.S. dollars)
Rank
2013 GDP
(billions
of U.S. dollars)
$53,042
United States
$16,768
1
6,807
2
China
9,240
38,634
3
Japan
4,920
46,269
4
Germany
3,730
42,503
5
France
2,806
United Kingdom
41,787
6
2,678
11,208
7
Brazil
2,246
2,149
35,926
8
Italy
18,783
Russia
2,097
1,499
10
India
1,877
11
Canada
1,827
51,958
Drag word(s) be low to fill in the blank(s) in the passage.
Canada's GDP
is a
that Canadians have the eleventh-best standard of living. A nation's
better standard-of-living indicator, because it measures
Using this measure, it looks like
Canada has a better standard of living than all but one other nation.
total productivity
indicates
does not indicate
per capita GDP
average income
Transcribed Image Text:According to the table, Canada has the eleventh-highest GDP among the countries with the largest economies in the world. Does this mean Canada also has the eleventh-best standard of living? Fill in the blanks to complete the passage. World's Largest Economies by GDP, 2013 (1) (2) Country (3) (4) Per capita GDP (U.S. dollars) Rank 2013 GDP (billions of U.S. dollars) $53,042 United States $16,768 1 6,807 2 China 9,240 38,634 3 Japan 4,920 46,269 4 Germany 3,730 42,503 5 France 2,806 United Kingdom 41,787 6 2,678 11,208 7 Brazil 2,246 2,149 35,926 8 Italy 18,783 Russia 2,097 1,499 10 India 1,877 11 Canada 1,827 51,958 Drag word(s) be low to fill in the blank(s) in the passage. Canada's GDP is a that Canadians have the eleventh-best standard of living. A nation's better standard-of-living indicator, because it measures Using this measure, it looks like Canada has a better standard of living than all but one other nation. total productivity indicates does not indicate per capita GDP average income
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