Per Capita & GDP Country Classification [For your analysis, make sure to use current data: (2020 or 2021); also include the source of your data] 1. List the 10 countries with the highest GDPs in the World. 2. List the 10 countries with the highest Per Capita GDPs in the World. Explain how the Per Capita GDP is calculated. 3. Compare and analyze the two types of ranking (GDP and Per Capita GDP).

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter32: Macroeconomic Policy Around The World
Section: Chapter Questions
Problem 30P: Retrieve the following data from The World Bank database (http //databank.worldbank. org/data/...
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Per Capita & GDP Country Classification [For your analysis, make sure to use current data: (2020 or 2021); also include the source of your data]

1. List the 10 countries with the highest GDPs in the World.
2. List the 10 countries with the highest Per Capita GDPs in the World. Explain how the Per Capita GDP is calculated.
3. Compare and analyze the two types of ranking (GDP and Per Capita GDP).
4. What are the criticisms with the two types of ranking (GDP and Per Capita)?
5. Is there a better way to classify a country other than the use of GDP and per capita? Explain
6. How is a country classified by the World Bank and the United Nations (UN) (see also textbook for more information)? Explain and illustrate.
7. Reflect on the globalization debate (for or against) (At least one paragraph), [see chapter 18: Globalization, textbook]

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