ECONOMICS (CBSE/UGC NET)

ECONOMICS

GDP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The most current US GDP per Capita is roughly
A
$50, 000
B
$64, 000
C
$70, 000
D
over $100, 000
Explanation: 

Detailed explanation-1: -In 2021, the gross domestic product per capita in the United States amounted to around 69, 227.11 U.S. dollars. Thus, the United States is one of the countries with the largest GDP per capita worldwide.

Detailed explanation-2: -It has the world’s seventh-highest per capita GDP (nominal) and the eighth-highest per capita GDP (PPP) as of 2022. The U.S. accounted for 24.7% of the global economy in 2022 in nominal terms, and around 15.5% in PPP terms.

Detailed explanation-3: -GDP per Capita in the United States averaged 39806.71 USD from 1960 until 2021, reaching an all time high of 61855.52 USD in 2021 and a record low of 19135.27 USD in 1960.

There is 1 question to complete.