4. What are the criticisms with the two types of ranking (GDP and Per Capita)?

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter17: Growth And Less Developed Countries
Section: Chapter Questions
Problem 2SQP
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4. What are the criticisms with the two types of ranking (GDP and Per Capita)?
5. Is there a better way to classify a country other than the use of GDP and per capita? Explain
6. How is a country classified by the World Bank and the United Nations (UN) (see also textbook for more information)? Explain and illustrate.

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