Consider the difference between the per capita GDP of the U.S. and Liechtenstein’s per capita GDP. Chances are you have never heard of the country of Liechtenstein, so you may be surprised that such a small country can have a significantly higher per capita GDP than the U.S.

Using at least two outside sources, research why Liechtenstein’s per-capita GDP is so high. To be sure your sources are reputable, follow these guidelines when searching:

The author of the source should be clear.
The author should have expertise in the field the person is writing on. For instance, if you are reading a source on an environmental issue, the author should have research experience with the topic.
The source should be academic, meaning it is published by a respected site or source in the field of study (e.g. official government or university Web sites, academic journals, or reputable news sources).
The source should not state opinions as facts.
The source should clearly cite its sources and should not include dated information.
In a brief paragraph, explain why Liechtenstein’s per-capita GDP is so high. Cite your sources, explain why your sources are reputable, and summarize the strengths and weaknesses of each source.

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Question

21-04-2024
English

Answered

Consider the difference between the per capita GDP of the U.S. and Liechtenstein’s per capita GDP. Chances are you have never heard of the country of Liechtenstein, so you may be surprised that such a small country can have a significantly higher per capita GDP than the U.S.

Using at least two outside sources, research why Liechtenstein’s per-capita GDP is so high. To be sure your sources are reputable, follow these guidelines when searching:

The author of the source should be clear.
The author should have expertise in the field the person is writing on. For instance, if you are reading a source on an environmental issue, the author should have research experience with the topic.
The source should be academic, meaning it is published by a respected site or source in the field of study (e.g. official government or university Web sites, academic journals, or reputable news sources).
The source should not state opinions as facts.
The source should clearly cite its sources and should not include dated information.
In a brief paragraph, explain why Liechtenstein’s per-capita GDP is so high. Cite your sources, explain why your sources are reputable, and summarize the strengths and weaknesses of each source.

Upload your work below.
PLEASE SOMEONE DO THIS

Answer :

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Xaioo Xaioo · Answer 1 · 2024-04-21T23:04:15-04:00

Answer:

[tex][/tex]Liechtenstein's high per capita GDP can be attributed to its strong financial services sector, low taxes, and high level of industrialization. According to a report by the World Bank, Liechtenstein has a highly developed financial sector that contributes significantly to its economy. Additionally, the country has a favorable tax environment that attracts foreign investment and wealthy individuals. Liechtenstein also has a diverse industrial base, including manufacturing and technology sectors, which further contribute to its high GDP per capita.

One reputable source for this information is the World Bank, which is a respected international organization that provides data and analysis on global economic trends. The World Bank's report on Liechtenstein's economy is based on rigorous research and data collection methods, making it a reliable source of information.

Another reputable source is the CIA World Factbook, which provides detailed information on countries around the world. The CIA World Factbook also confirms that Liechtenstein has a highly developed financial sector and low taxes, contributing to its high per capita GDP. However, it is important to note that the CIA World Factbook may have limitations in terms of bias or political influence.

Overall, both sources provide valuable insights into why Liechtenstein's per capita GDP is so high, with the strengths being their credibility as respected organizations in the field of economics. However, it is important to critically evaluate any potential biases or limitations in the information provided by these sources.