1. GDP per capita and quality of life The following table lists gross domestic product (GDP) and approximate population for four countries in 2020. Note that GDP is given in millions of U.S. dollars (USD). For example, a value of 20,936,600 suggests that U.S. GDP was approximately $20.9 trillion in 2020. GDP per capita, however, is simply given in dollars (USD). Calculate GDP per capita for each country and enter it in the fourth column of the table. GDP GDP per capita Country India France (Millions of USD) Population (USD) 2,622,984 1,380,004,390 2,603,004 67,391,580 United States 20,936,600 329,484,120 Ethiopia 107,645 114,963,580 Source: "The World Bank." Based on your calculations of GDP per capita, the quality of life in France is probably the quality of life in India. What are some of the problems associated with using GDP per capita to compare the quality of life among countries? Check all that apply. OGDP per capita is not correlated with economic growth and development. The estimates of GDP per capita in less-developed countries tend to have greater measurement errors than those from industrially advanced countries. GDP is a better measure, since a country with high GDP per capita may still have low GDP. Fluctuating exchange rates may misrepresent the actual differences in the value of goods and services produced. 1. GDP per capita and quality of life The following table lists gross domestic product (GDP) and approximate population for four countries in 2020. Note that GDP is given in millions of U.S. dollars (USD). For example, a value of 20,936,600 suggests that U.S. GDP was approximately $20.9 trillion in 2020. GDP per capita, however, is simply given in dollars (USD). Calculate GDP per capita for each country and enter it in the fourth column of the table. Country India GDP (Millions of USD) GDP per capita Population (USD) 2,622,984 1,380,004,390 France 2,603,004 67,391,580 United States 20,936,600 329,484,120 Ethiopia 107,645 114,963,580 Source: "The World Bank." Based on your calculations of GDP per capita, the quality of life in France is probably What are some of the problems associated with using GDP per capita to compare the OGDP per capita is not correlated with economic growth and development. The estimates of GDP per capita in less-developed countries tend to have gl advanced countries. the same as worse than better than GDP is a better measure, since a country with high GDP per capita may still have low GDP. the quality of life in India. among countries? Check all that apply. ement errors than those from industrially Fluctuating exchange rates may misrepresent the actual differences in the value of goods and services produced.