What one should see while comparing nations economic position with - ProProfs Discuss
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What one should see while comparing nations economic position with other?

This question is part of Macroeconomics Practice Quiz
Asked by Baalperasim, Last updated: Jan 12, 2021

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3 Answers

Chris Kenway

Chris Kenway

Chris Kenway
Chris Kenway, Content Writer, Jacksonville

Answered Apr 09, 2019

The correct answer to this question is B, per capita GDP. It is used to compare countries economic output to one another. It compares this by its residents. It divides the economic output by the country's population. Per capita GDP, which stands for gross domestic product, can be used to compare any country to another.

The term per capita is a Latin phrase, which means for each individual or person. To put per capita GDP in presepective, China has a low rank because it has a large population. However, United States ranks higher because it has much fewer people than China has.

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John Adney

John Adney

John Adney
John Adney

Answered Feb 25, 2017


sisay bezabeh

1. GDP
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John Smith

John Smith

John Smith
John Smith

Answered Nov 25, 2016

Per Capita GDP
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