chapter 6.4 part 2 Flashcards
1
Q
how do you convert billions into millions
A
billions * 1000
2
Q
who has the largest GDP in PPP terms compared to the USA
A
China has 24 trillion compared to the United States’ 21 trillion
3
Q
how does China’s GDP per capita compare with the US
A
China’s GDP per capita is less than one fourth that of the United States ($17,000 compared to $63,000)
4
Q
how wealthy are the Chinese
A
they are still quite poor relative to the United States and other developed countries
5
Q
the world’s highest income nations typically have a GDP per capita of
A
a range of $20,000 to $70,000
6
Q
middle income countries have a GDP per capita of
A
$6,000 to $12,000
7
Q
lowest income countries have a GDP per capita of
A
less than $2,000 per year
