Ranking countries by GDP per capita. To have an idea about how relatively rich a country and its people are we often use gross domestic product per capita at nominal values. This is the value of all final goods and services produced within a nation in a given year and in current U.S. dollars, divided by the average (or mid-year) population for the country. However, the nominal GDP per capita does not take into account differences in the cost of living among different countries. GDP per capita is often considered an indicator of a country's standard of living. In this connection, 1- which of the following major countries is not among the top 20 in the world in ranking per capita income? 1. Germany, 2. France, 3. United Kingdom and 4. United States. 2- Which of the following is one of only two West African countries among the top 20 in ranking GDP per capita in Africa? 1- Ghana, 2- Cote Voire 3- Nigeria, and 4- Senegal. ANSWERS 1- France is the major country listed here not among the top 20 in the world in ranking GDP per capita. 2- Nigeria is the country listed here, which along with Cape Verde are the only West African countries ranking in top 20 in Africa in GDP per capita.
Posted: Apr 11th, 2017 @ 03:42:35 AM