In the United States in 2014 real GDP per person was about $56,000, while in some poor countries real GDP per person was less than $5,000.

Question

Viviana Contreras · Accepted Answer

Final Answer : True, Explanation :  In 2014, the United States had a high real GDP per person, reflecting its status as one of the world's largest and most advanced economies. In contrast, many developing countries had significantly lower real GDP per person, often below $5,000, due to various factors such as lower levels of industrialization, infrastructure, and education.

In the United States in 2014 real GDP per person was about $56,000, while in some poor countries real GDP per person was less than $5,000.

Definitions

Learning Objectives

Learning Objectives

Related questions