Table: Small-Town GDP | Town | Real GDP (U.S. dollars) | Population | | --- | --- | --- | | A | 4,859,307 | 250 | | B | 10,000,050 | 175 | | C | 6,000,000 | 320 | | D | 3,549,289 | 90 | Reference: Ref 6 - 1 (26 - 1) (Table: Small-Town GDP) Which of the four towns in this table has the highest standard of living? a. Town A b. Town B c. Town C d. Town D
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Answer

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Step 1
: Understand the problem

We are given a table with the real GDP and population of four towns (A, B, C, and D). To find the town with the highest standard of living, we need to calculate the GDP per capita for each town, which is the GDP divided by the population. The town with the highest GDP per capita will have the highest standard of living.

Step 2
: Calculate the GDP per capita for Town A

\begin{align*} &= 19,437.23 \text{ dollars} \end{align*}

Final Answer

Town B has the highest standard of living.