Question

GDP per capita is the most important factor that determines if a country is classified as developed, developing, or least-developed.

False?

Answer 1

I agree.

Answer 2

true

Answer 3

[AI-generated answer — Explain Bot]

False. GDP per capita is an important factor in determining the economic well-being of a country's population, but it is not the only factor used to classify countries as developed, developing, or least-developed. The classification of countries is generally based on a combination of economic, social, and human development indicators.

To determine the classification of a country, organizations like the United Nations, World Bank, and International Monetary Fund consider a range of factors beyond GDP per capita. These factors may include life expectancy, education levels, healthcare infrastructure, income inequality, access to basic services like clean water and sanitation, and levels of industrialization and technological advancement.

The UN, for example, uses the Human Development Index (HDI) to classify countries. The HDI takes into account various social and economic indicators, including life expectancy, education, income, and other factors. This index provides a more holistic view of a country's development beyond just GDP per capita.

Therefore, while GDP per capita is an important measure of economic development, it is not the sole determinant of a country's classification as developed, developing, or least-developed.