ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The US has the highest GDP per capita in the world
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True
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False
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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 United States is a highly developed mixed-market economy. It is the world’s largest economy by nominal GDP, and the second-largest by purchasing power parity (PPP) behind China. It has the world’s seventh-highest per capita GDP (nominal) and the eighth-highest per capita GDP (PPP) as of 2022.
Detailed explanation-2: -A growing population, including from immigration. The country’s ability to attract immigrants has been an important reason for its prosperity.
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