ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The GDP of Mexico is over 3 trillion per year
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False
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True
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The statistic shows Mexico’s GDP from 1987 to 2021, with projections up until 2027. In 2021, Mexico’s GDP amounted to approximately 1.3 trillion U.S. dollars.
Detailed explanation-2: -Mexico is considered as the 15th largest economy in the world, while leading exporter in the Latin America. It has a Gross Domestic Product (GDP) of $1, 269 billion, with a nominal GDP of $9, 946.
Detailed explanation-3: -Its recovery is underway, albeit slowly: the economy forecast is to grow by 2.1% this year and 2.1% in 2023. Mexico’s growth is supported by its trade openness, a strong export manufacturing base connected to global value chains integrated with the United States, and a stable macroeconomic framework.
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