As of 2008, using real GDP per person as a measure, we would classify
A)the United States and Mexico as advanced economies and Bangladesh as a middle-income country.
B)Canada as an advanced economy, Mexico as a middle-income country, and Pakistan as a poor country.
C)Japan and India as advanced economies and Mexico as a poor country.
D)Japan as an advanced economy, the United Kingdom as a middle-income country, and Argentina as a poor country.

Question

Quizplus · Accepted Answer

According to the information provided, Canada's high real GDP per person would classify it as an advanced economy. Mexico's lower real GDP per person would classify it as a middle-income country. Pakistan's even lower real GDP per person would classify it as a poor country. Therefore, option B is the best choice as it correctly categorizes these countries based on their real GDP per person.

As of 2008, Using Real GDP Per Person as a Measure