SSC MTS EXAM

SSC

WORLD GEOGRAPHY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is a resource that allows nations to develop a high per-capita Gross Domestic Product (GDP)?
A
state-owned farms
B
Humanitarian Aid
C
Skilled Workforce
D
governmental restrictions
Explanation: 

Detailed explanation-1: -GDP per capita based on purchasing power parity (PPP) is a more accurate characteristic determining the level of economic development and economic growth. Based on this approach, Qatar has the highest GDP per capita in the world while Luxembourg ranks second.

Detailed explanation-2: -Building infrastructure can aid in boosting economic growth and per capita income. Examples of infrastructure include roads, transportation networks, and energy infrastructure.

Detailed explanation-3: -Per capita income is used to determine the average per-person income for an area and to evaluate the standard of living and quality of life of the population. Per capita income for a nation is calculated by dividing the country’s national income by its population.

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