Based on the Gross Domestic Product (GDP) per capita of the United States in early 2022 and that of Canada, the United States has a larger GDP per capita than Canada which theoretically means that the United States has a higher standard of living.
The purpose of the GDP per capita is to show how productive a nation is in terms of its citizens and productive capacity. In theory, countries with higher GDP per capitas have higher standards of living.
In early 2022, the United States had a GDP per capita of $59,312 which was higher than the GDP of Canada which was $44,500.
This shows that in theory, the United States has a higher standard of living than Canada does thanks to their higher Gross Domestic Product (GDP) per capita.
Find out more on GDP per capita at https://brainly.com/question/18414212
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