even though japan had a higher growth rate of real gdp per person than the united states over the last 120 years, it's level of real gdp per person is less than that of the united states.

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09-12-2022
Business

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even though japan had a higher growth rate of real gdp per person than the united states over the last 120 years, it's level of real gdp per person is less than that of the united states.

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smecloudbird17 smecloudbird17 · Answer 1 · 2022-12-16T02:31:38-05:00

Even though Japan had a higher growth rate of real GDP per person than the U.S. over the last 120 years, it's level of real GDP per person is less than that of the U.S. is correct.

Japan is the third largest economy in the world, with a GDP of $5.3 trillion. The country is known for its export-driven economy, with key exports including automobiles, electronics, and machinery.

Japan GDP is also a major player in the global financial market, with the Tokyo Stock Exchange being the largest in Asia. The country has a strong workforce and a highly developed infrastructure, making it a major economic powerhouse.

Hence, the correct option is "D".

The question is incomplete, the complete question is:

Which of the following is correct?

a. Countries with the highest growth rates over the last 120 years are the ones that had the highest level of real GDP 120 years ago.

b. Most countries have had little fluctuation around their average growth rates during the past 120 years.

c. The ranking of countries by income changes little over time.

d. Even though Japan had a higher growth rate of real GDP per person than the U.S. over the last 120 years, it's level of real GDP per person is less than that of the U.S.

To know more about Japan, click here.

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