According to the World Bank,in 2006,China's GDP Was Approximately $2

question 251

Multiple Choice

According to the World Bank,in 2006,China's GDP was approximately $2.7 trillion (or $2,700 billion) .That same year,India's GDP was approximately $906.3 billion.With which of the following populations would China's standard of living have been considered higher than India's that year?

• A)China's population = 1.3 billion;India's population = 1.1 billion
• B)China's population = 8.3 billion;India's population = 1.1 billion
• C)China's population = 500 million;India's population = 125 million
• D)China's population = 3.5 billion;India's population = 1.1 billion

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Definitions:

Interest Rate

The percentage charged on the total amount borrowed or earned on investments, representing the cost of borrowing or the gain on saved or invested money.

Capital Market

Refers to financial markets where long-term debt or equity-backed securities are bought and sold.

Households

The basic units of consumer decision-making in economics, often consisting of individuals or groups of people living together making joint economic decisions.

Funds

Funds refer to financial resources allocated for a specific purpose, such as investment or expenses.