International Per Capita GDP Comparisons Are Misleading When Countries Involved

question 212

Multiple Choice

International per capita GDP comparisons are misleading when countries involved differ greatly in

• A)the type of economic system each country uses to solve its economic problem.
• B)the freedom of their election processes.
• C)the percentage of economic activity that is transacted in organized markets.
• D)the quantity of human and natural resources they possess.

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Definitions:

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Meritocratic sorting is the process of organizing individuals or entities based on merit or achievements, often in educational or occupational contexts.

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