omestic Product (GDP) is adjusted for the PPP (Purchasing Power Parity, or what a U.S. dollar can buy in each country), what would be the correct ordering of the economies if we order them from the highest to the lowest - in terms of the GDP by PPP? Please choose your answer from the below list of countries - ranked correctly from highest to the lowest, as per the 2020 IMF estimates. (The European Union is being excluded from this list because the European Union is not one country but made up of 27 countries with independent political entities.)    Group of answer choices China, Germany, United States, Japan and United Kingdom.   United States, China, Germany, United Kingdom, and Japan.   China, United States, India, Japan and Germany.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
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Chapter30: Growth And Less Developed Countries
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This is not a writing assignment, this is a multiple-choice question

 

If the Gross Domestic Product (GDP) is adjusted for the PPP (Purchasing Power Parity, or what a U.S. dollar can buy in each country), what would be the correct ordering of the economies if we order them from the highest to the lowest - in terms of the GDP by PPP? Please choose your answer from the below list of countries - ranked correctly from highest to the lowest, as per the 2020 IMF estimates. (The European Union is being excluded from this list because the European Union is not one country but made up of 27 countries with independent political entities.) 

 

Group of answer choices

China, Germany, United States, Japan and United Kingdom.

 

United States, China, Germany, United Kingdom, and Japan.

 

China, United States, India, Japan and Germany.

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