Nominal GDP per capita provides a better result when making comparision between two or more countries. True/ False Provide a reason?

True. Nominal GDP per capita takes into account the total GDP of a country divided by its population, providing a more accurate representation of the average income and standard of living of the population. This allows for a more meaningful comparison between countries as it accounts for differences in population size.

True.

Nominal GDP per capita is a measure of the total value of goods and services produced in a country per person. It is calculated by dividing the nominal GDP of a country by its population. Nominal GDP per capita is a good measure of the standard of living in a country because it takes into account both the quantity and the prices of goods and services produced.

When making comparisons between two or more countries, it is important to use a measure of GDP that takes into account the differences in the prices of goods and services between the countries. Nominal GDP per capita is a good measure of this because it uses the prices of goods and services in the country in which they are produced. This means that it is not affected by the exchange rate between the currencies of the countries being compared.