ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Having both table as a reference answer both questions

a. Is there a better way to classify a country other than the use of GDP and per capita? Explain

b. How is a country classified by the World Bank and the United Nations (UN)

1. This list is based on the International Monetary Fund Outlook Database, October 2019
Country
GDP (USD)
Country
GDP (USD)
1. United States
$ 21.44 trillion
6. United Kingdom
$ 2.83 trillion
|
2. China
$ 14.14 trillion
7. France
$ 2.71 trillion
3. Japan
$ 5.15 trillion
8. Italy
$ 1.99 trillion
4. Germany
$ 3.86 trillion
9. Brazil
$ 1.85 trillion
5. India
$ 2.94 trillion
10. Canada
$ 1.73 trillion
2. This list is based on the International Monetary Fund Outlook Datab ase, April 2019
Country
GDP per Capita (USD)
Country
GDP per Capita (USD)
1. Luxembourg
$ 116,730
6. Qatar
$ 70,740
2. Switzerland
$ 86,670
7. United States $ 67,430
3. Ireland
$ 80,260
8. Iceland
$ 66,600
4. Macao SAR
$ 80,070
9. Singapore
$ 64,830
5. Norway
$ 78,330
10. Denmark
$ 61,730
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Transcribed Image Text:1. This list is based on the International Monetary Fund Outlook Database, October 2019 Country GDP (USD) Country GDP (USD) 1. United States $ 21.44 trillion 6. United Kingdom $ 2.83 trillion | 2. China $ 14.14 trillion 7. France $ 2.71 trillion 3. Japan $ 5.15 trillion 8. Italy $ 1.99 trillion 4. Germany $ 3.86 trillion 9. Brazil $ 1.85 trillion 5. India $ 2.94 trillion 10. Canada $ 1.73 trillion 2. This list is based on the International Monetary Fund Outlook Datab ase, April 2019 Country GDP per Capita (USD) Country GDP per Capita (USD) 1. Luxembourg $ 116,730 6. Qatar $ 70,740 2. Switzerland $ 86,670 7. United States $ 67,430 3. Ireland $ 80,260 8. Iceland $ 66,600 4. Macao SAR $ 80,070 9. Singapore $ 64,830 5. Norway $ 78,330 10. Denmark $ 61,730
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