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Which country is named as World’s Richest Country according to IMF’s GDP data? 
  • a)
    Singapore
  • b)
    Malaysia
  • c)
    Dubai
  • d)
    Qatar
  • e)
    Luxembourg
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which country is named as World’s Richest Country according to I...
Answer – 4. Qatar
Explanation

As per rankings released by business magazine ‘Fortune’, Qatar is World’s Richest Country in terms of Gross Domestic Product (GDP) Per Capita. GDP Per Capita is a measure of the total output of a country computed by dividing gross domestic product(GDP) by the number of people in the country. In theoretical terms, higher per capita GDP results in to a higher standard of living.
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Which country is named as World’s Richest Country according to IMF’s GDP data?a)Singaporeb)Malaysiac)Dubaid)Qatare)LuxembourgCorrect answer is option 'D'. Can you explain this answer?
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