1. How does the GDP (PPP) per capita of the countries of Latin America compare with the United States and the rest of the world?

To compare the GDP of a Latin American country with the USA, or any other country, it will be necessary to convert the GDP value of the Latin American country to the currency of the country you want to compare, in this case, to the dollar, if the comparison was made between a Latin American country and the USA.

This conversion is done by applying the PPP exchange rate to the value to be analyzed.

Phazze Phazze · Answer 2 · 2022-06-28T15:04:26+02:00

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:

lead to fears of a recession

layoffs and unemployment

declining business revenues and

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: brainly.com/question/1383956

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P.S. I only know the jamaican one... so just do this one