Based on GDP figures around 2006-2007, the ranking of the listed countries by the size of their economy (in nominal USD) was: 1. United States of America (USA) - The largest economy in the world. 2. China - The second-largest economy globally and growing rapidly. 3. United Kingdom (UK) - A large developed economy, significantly smaller than the USA and China. 4. India - A large and growing economy, but significantly smaller than the UK, China, and USA in nominal USD terms at that time. Therefore, the correct order in descending size is USA > China > UK > India.
As per World Development Report 2008 of the World Bank, arrange the following countries according to the size of their economy in descending order. State which one of the following is the correct order ?
Asked in UPPSC Upper Mains 2009 · Topic: National Income & Gross Domestic Product (International Comparisons of GDP and Purchasing Power Parity (PPP))
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Answer: C. USA > China > UK > India
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