Which of the following statements is true? (LO6, 7) a) The United States has the world's largest GDP and per capita GDP. b) The United States has the world's largest GDP, but not the world's largest per capita GDP. c) The United States has the world largest per capita GDP, but not the world's largest GDP. d) The United States has neither the world's largest GDP nor the world's largest per capita GDP.

GDP (Gross Domestic Product) is the monetary value of all finished goods and services produced within a country's borders in a specific time period. It is an important measure of a nation's economic health. Per capita GDP is the GDP divided by the population, which reflects the average living standards in the country.

The United States has the world's largest GDP. According to the World Bank data, as of 2019, the United States had the highest GDP of all countries, with a value of approximately 21.43 trillion U.S. dollars.

The United States does not have the world's largest per capita GDP. As of 2019, the World Bank data shows that countries like Luxembourg, Switzerland, and Norway have higher per capita GDP than the United States.

Now that we know the United States has the world's largest GDP but not the world's largest per capita GDP, we can use this information to identify the true statement from the given options. a) This statement is false because the United States does not have the world's largest per capita GDP. b) This statement is true because the United States has the world's largest GDP and does not have the world's largest per capita GDP. c) This statement is false because the United States has the world's largest GDP but does not have the world's largest per capita GDP. d) This statement is false because the United States has the world's largest GDP. Therefore, the correct answer is: b) The United States has the world's largest GDP, but not the world's largest per capita GDP.