Question

Which of the following statements about the economies of the world is false?
A.
The US economy is the largest in the world when measured per country.
B.
Four of the top five economies, measured in GDP per person, are located in Europe.
C.
The bottom five economies, measured in GDP per person, are located in Africa.
D.
The US economy is the largest in the world when measured in GDP per person.

Answer 1

Answer:

The correct answer is D. It is false that the US economy is the largest in the world when measured in GDP per person.

Explanation:

While it is true that the United States has the largest economy in the world in absolute nominal terms, with a GDP of approximately $21,000,000,000,000, in terms of GDP per capita this nation is ranked number 8, with a per capita production of approximately $63,000 year. This means that, despite being the country that produces the most amount of money a year, its inhabitants are not the most productive. Thus, the first place in the ranking of countries by GDP per capita corresponds to Luxembourg, whose inhabitants annually produce almost $115,000.

Answer 2

Answer:

The US economy is the largest in the world when measured in GDP per person.