According to the World View Chart in the Text, from Highest

question 89

Multiple Choice

According to the World View chart in the text, from highest to lowest real GDP per capita, which is correct?

• A) United States, Japan, France, Canada, China.
• B) United States, China, Japan, Germany, Russia.
• C) United States, Canada, Japan, France, South Korea.
• D) United States, China, India, Jordan, Germany, Japan, Russia.

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Definitions:

North Korea

A country in East Asia, known for its authoritarian government, nuclear weapons program, and unique geopolitical challenges.

Socialism

An economic and political system where the means of production, distribution, and exchange are owned or regulated by the community as a whole, aiming for equal wealth distribution.

Private Enterprise System

A private enterprise system is an economic system where businesses are owned and operated by private individuals or companies, with minimal government intervention.

Economic Recession

A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.