The Information for 2008 in Millions in the Table Below

question 190

Multiple Choice

The information for 2008 in millions in the table below was reported by the World Bank. On the basis of this information, which list below contains the correct ordering of real GDP per person from highest to lowest?

• A)Japan, Germany, United States
• B)Japan, United States, Germany
• C)Germany, United States, Japan
• D)United States, Japan, Germany

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Definitions:

Maximax Criterion

A decision-making rule used in scenarios of uncertainty, selecting the option with the maximum possible payoff regardless of the risks involved.

Uncertainty

A situation where the outcomes or conditions of an event, effect, or decision are not known or predictable.

Conditional Probability

This is the probability of an event occurring given that another event has already occurred.

Expected Value

A statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen, often used in decision-making and risk assessment.