Question

GDP per capita is the most important factor that determines if a country is classified as developed, developing, or least-developed.True or false?

Answer 1

True

Explanation: Per capita gross domestic product (GDP) is a metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a country by its population.

Per capita GDP is a global measure for gauging the prosperity of nations and is used by economists, along with GDP, to analyze the prosperity of a country based on its economic growth.

Small, rich countries and more developed industrial countries tend to have the highest per capita GDP.