IIFT 2018 Question 2

Instructions

Based on the information given below, answer the questions which follow.

The data on select economic indicators for entire world comprising of 7 regions namely East Asia & Pacific, Europe & Central Asia, Latin America & Caribbean, Middle East & North Africa, North America, South Asia and Sub-Saharan Africa is presented in Table-1 for the year 2017. Further, Table-2 represents the economic indicators for select countries.

GNI refers to Gross National Income (USD Billions). PPP refers to Purchasing Power Parity (USD Billions). POP refers to Population (Millions) and SA refers to Surface Area (Thousands sq. km)

             Table-1: Economic Indicators for Different Regions of World

                                       Table-2: Economic Indicators for Select Countries

Question 2

For which of the region, the 'GNI per capita' is closest to that of 'GNI per capita' of world?

Solution

From the table it can be seen that East Asia is closest to the GNI of the world



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