ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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From the following choose the country which have highest economic welfare.
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Country A, whose GDP is very large but distributed unequally among the people
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Country B, whose GDP is very large and distributed equally among the people
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Country C, whose GDP is less but distributed equally among the people
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Country D, whose GDP is less and distributed unequally among the people
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Explanation:
Detailed explanation-1: -With a GDP of 23.32 trillion dollars, the USA is by far the world’s largest economy in this ranking for 2021. It is followed by China in second place with a GDP of 17.73 trillion dollars. Canada is also quite far ahead in the international comparison and occupies the ninth place in this ranking.
Detailed explanation-2: -Real GDP is a better indicator of economic growth because it can be compared with base year GDP.
Detailed explanation-3: -United States: $20.89 trillion. China: $14.72 trillion. Japan: $5.06 trillion. Germany: $3.85 trillion. United Kingdom: $2.67 trillion. India: $2.66 trillion. France: $2.63 trillion. Italy: $1.89 trillion. More items
There is 1 question to complete.