Using GDP per capita in 2016 (measured in U. S. dollars, corrected for differences across countries in the cost of living), identify which one of the following statements is true: A. Western Europe, Australia, Canada, Japan, New Zealand, and the United States are high-income countries. B. Most of the countries of Africa, Asia, and Latin America are high-income countries. C. East Asian countries such as Singapore, South Korea, and Taiwan, are very low income countries. D. All of the above are true.

Question

Social Studies

Zavier Davila

10 September, 04:18

Using GDP per capita in 2016 (measured in U. S. dollars, corrected for differences across countries in the cost of living), identify which one of the following statements is true: A. Western Europe, Australia, Canada, Japan, New Zealand, and the United States are high-income countries. B. Most of the countries of Africa, Asia, and Latin America are high-income countries. C. East Asian countries such as Singapore, South Korea, and Taiwan, are very low income countries. D. All of the above are true.

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Answers (1)

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Dennis Hart · Answer 1

A. Western Europe, Australia, Canada, Japan, New Zealand, and the United States are high-income countries.

This is the only true statement

Explanation:

We do not need the GDP information per capita but using the information provided by the World Bank we can see that B and C are incorrect and if B and C are incorrect then D is also incorrect.

A. All these counties listed are in or above the $25,000 - $35,000 threshold so they are classified as High Income and developed.

B. The majority of countries of Africa some of Asia and the majority of Latin America are countries in development which means they are not high income countries.

C. Singapore, South Korea and Taiwan are as we can see on the map the highest income countries in the region so that invalidates this statement.