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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 the standard of living in your selected country versus the united states? respond to these questions using at least three to five sentences jamaica

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Baraq

GDP is determined by the average income earned per person in a given area in a specified year. The Jamaica GDP per capita is around 4800.00 USD. Hence, the standard of living in Jamaica is very low when compared.

What is the effect of low GDP?

When GDP slows down, the effects are as follows:

  1. lead to fears of a recession
  2. layoffs and unemployment
  3. declining business revenues and
  4. consumer spending.

The GDP is a means to determine the economic growth and where is challenging.

Therefore, the standard of living of Jamaica when compared to America is very low and this means that, Jamaica will be experiencing poor healthcare, unemployment, and even poverty.

learn more about GDP: https://brainly.com/question/1383956

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ANIMEGOD1234

Answer:

the dude above is correct

Explanation:

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