ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
On what continent are 4 of the 5 countries with the highest GDP per capita located?
A
Africa
B
Antarctica
C
South America
D
Europe
Explanation: 

Detailed explanation-1: -North America has the highest continental gdp per capita by both GDP Nominal and PPP in the world. With $46, 160 in nominal terms, the per capita gdp of North America is 376% of the world GDP per capita. North America is closely followed by Oceania ($44, 741).

Detailed explanation-2: -GDP of European countries in 2021. With a Gross Domestic Product of over 3.57 trillion Euros, the German economy was by far the largest in Europe in 2021. The similar-sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain.

Detailed explanation-3: -European Union gdp per capita for 2021 was $38, 411, a 11.89% increase from 2020. European Union gdp per capita for 2020 was $34, 330, a 2.14% decline from 2019.

There is 1 question to complete.