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D. Which Strategy for Scaling Big Numbers Would Work Best to Compare India's and Bangladesh's GDP? The Best Strategy Is to Square

Question

d. Which strategy for scaling big numbers would work best to compare India's and Bangladesh's GDP? The best strategy is to square compare Bangladesh's GDP to India's GDP as a percentage use the rule of 70 to evaluate long-run growth

Solution

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Answer

###Compare Bangladesh's GDP to India's GDP as a percentage.

Explanation

##Step1: Understand the Problem###The problem requires identifying a strategy to effectively compare the GDP of India and Bangladesh. This involves understanding how to scale or adjust large numbers for meaningful comparison.##Step2: Evaluate Options###1. Comparing GDP as a percentage allows for relative size comparison, making it easier to understand the economic scale between two countries.###2. The rule of 70 is used to estimate doubling time for growth rates, not directly applicable for comparing GDPs.###3. Comparing GDP numbers to their own history provides insight into growth trends but does not facilitate direct comparison between two different countries.##Step3: Select the Best Strategy###Comparing Bangladesh's GDP to India's GDP as a percentage is the most effective strategy. It normalizes the data, allowing for a clear comparison of economic sizes relative to each other.#