What was China's GDP per capita in 2009 compared to that of the U.S.?

What was China's GDP per capita in 2009 compared to that of the U.S.?

• A. 7400 compared to 15000 dollars
• B. 7400 compared to 47500 dollars
• C. 7400 compared to 250 dollars
• D. 7400 compared to 9400 dollars

Answer: (B)

In 2009, China's GDP per capita was approximately $7,400, while the GDP per capita of the United States was around $47,500. This reflects the significant gap between the economic development of the two countries at that time. China's economy was growing rapidly, but it had not yet reached the level of wealth and income per person that the U.S. had enjoyed for a much longer period. The comparison highlights the disparity in income and living standards between a developing economy like China and a developed economy like the United States. Understanding this context is important, as it illustrates the broader economic trends and the challenges that China faced in its development trajectory. The choice that presents these figures accurately captures the state of the economies in 2009, aligning well with historical data and demonstrating the economic context of that time period.

In 2009, China's GDP per capita was approximately $7,400, while the GDP per capita of the United States was around $47,500. This reflects the significant gap between the economic development of the two countries at that time. China's economy was growing rapidly, but it had not yet reached the level of wealth and income per person that the U.S. had enjoyed for a much longer period.

The comparison highlights the disparity in income and living standards between a developing economy like China and a developed economy like the United States. Understanding this context is important, as it illustrates the broader economic trends and the challenges that China faced in its development trajectory. The choice that presents these figures accurately captures the state of the economies in 2009, aligning well with historical data and demonstrating the economic context of that time period.