Which Type of Chart Is Best to Describe the Economic

question 3

Multiple Choice

Which type of chart is best to describe the economic conditions of each country?

• A)Map.
• B)Doughnut chart.
• C)Treemap.
• D)Pie chart.

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Definitions:

Command-based Economy

An economic system where production, investment, prices, and incomes are determined centrally by a government.

Discretionary Income

The amount of an individual's income that is left for saving, investing, or spending after taxes and basic necessities have been paid.

Gross National Income Per Capita

A measure that calculates the average income earned per person in a country, taking into account all residents' incomes.

Net National Income Per Capita

An economic metric that measures the total net income of a nation divided by its population, indicating the average income of its citizens.