In a fictional world, the GDP per capita is in the range of $20,000 to $50,000 for high-income countries, $6,000 to $12,000 for middle-income nations, and less than $2,000 for low-income nations. The GDP of Country A is 341 billion units of the national currency. The PPP-equivalent exchange rate is 2.456 units of national currency per U.S. dollar. The population of this country is 80.7 million people. Based on its GDP per capita, how should this country be categorized? Select the best answer.
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We do this by dividing the total GDP by the population. So, \(341 \, \text{Billion} \, \text{units} / 80.7 \, \text{million people} = 4225.83 \, \text{units per person}\) Show more…
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I added the options on some of the fill in the blanks parts
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