Question

Please answer if True or False:

16. India and China score much lower on GDP per capita than GDP rankings generally since they have vast populations.

18. Both the IMF and the World Bank have made their primary objectives the eradication of   global poverty.

19. GDP per capita provides a different perspective on the relative prosperity of top economies.

22. The Global Economic Forum in Davos, Switzerland, identified China and India as global leaders where China emphasized quality, not just GDP.

23. The “Largest Factory in the World” is the size of Monaco and is located in Kazakhstan.

Answer 1

16.This statement is not true because calculation of gdp is not based on no of people live in the country rather it is the total monetary value of production of goods and services made within the domestic territory of the country .So it might be the case that an entire population is not employed so that means they are not contributing anything for the economic growth .
18.This is a false statement .Reason behind is that the primary objective of World bank is balancing the international trade between the nations not eradication of global poverty.
19.No this statement is also not true because gdp fails to reveal that how citizen live in his or her daily life and what is his or her standard of living.
22.Yes, this is true that China not only give importance to their gdp but also the quality.This can be simply be understood with their one child poilcy what they had started.This policy was started to control the pollution.It was necessary to control the population so that theor standard of living should not be compromised.
23.No ,this is not true.It is a fact that the larget factory in the world is the size of Monaco but Monaco is not in Kazakhstan .Monaco is in Europe.