ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A developed country has a GDP of at least ____
A
$15, 000
B
$25, 000
C
$30, 000
D
$40, 000
Explanation: 

Detailed explanation-1: -Understanding a Developed Economy Some economists consider $12, 000 to $15, 000 per capita GDP to be sufficient for developed status while others do not consider a country developed unless its per capita GDP is above $25, 000 or $30, 000. The U.S. per capita GDP in 2019 was $65, 111.

Detailed explanation-2: -Somalia: GDP per capita of USD 303 in 2026. South Sudan: GDP per capita of USD 441 in 2026. Sierra Leone: GDP per capita of USD 532 in 2026. Malawi: GDP per capita of USD 606 in 2026. Central African Republic: GDP per capita of USD 624 in 2026. 11-Oct-2022

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

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