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Which of the following statements about the economies of the world is false?


AThe US economy is the largest in the world when measured per country.
BFour of the top five economies, measured in GDP per person, are located in Europe.
CThe bottom five economies, measured in GDP per person, are located in Africa.
DThe US economy is the largest in the world when measured in GDP per person.

Verified Answer :

Final answer:

The false statement is that the US has the largest economy in the world when measured in GDP per person; it actually does not. The US economy is the largest overall measured in nominal GDP, but not in per capita measures. Other smaller countries often rank higher in GDP per person.


Explanation:

Identifying the False Statement

To determine which statement about world economies is false, let's analyze each one individually:

  1. The US economy is the largest in the world when measured per country. - This statement is true. The United States has the largest economy in terms of nominal GDP overall.
  2. Four of the top five economies, measured in GDP per person, are located in Europe. - This statement is generally considered true. Countries like Luxembourg, Switzerland, and Norway rank among the highest in GDP per capita.
  3. The bottom five economies, measured in GDP per person, are located in Africa. - This statement is also true, as many of the lowest GDP per capita nations are in Africa.
  4. The US economy is the largest in the world when measured in GDP per person. - This statement is false. While the US has a large economy, it does not have the highest GDP per capita; this title often goes to smaller nations like Luxembourg or Qatar.

Based on this analysis, the false statement is the one that claims the US economy is the largest when measured in GDP per person.


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