Countries by GDP and OPEC Countries Quiz

Federal Reserve Leadership

• The current Chairman of the Federal Reserve is Jerome Powell.

Global Economy Metrics

• The country with the highest Gross Domestic Product (GDP) when adjusted for Purchasing Power Parity (PPP) is China.

Nobel Prize Winners 2019

• The Nobel Prize in Economic Sciences in 2019 was awarded to Abhijit Banerjee, Esther Duflo, and Michael Kremer for their experimental approach to alleviating global poverty.

US Debt Statistics

• The current US debt stands at approximately 120% of GDP, reflecting growing fiscal challenges.

European Central Bank Leadership

• The President of the European Central Bank is Christine Lagarde.

Rational Expectations Theory

• The rational expectations theory, influential in macroeconomic theory, was developed by Robert Lucas, recognized for his contributions in 1994.

Game Theory Contributors

• John Nash and Reinhard Selten contributed to non-cooperative game theory, receiving the Nobel Prize in 1993 for their work.

Economic History Scholars

• Economists David Landes and Eric Jones are noted for their research on economic history regarding economic and population growth, examined in 1991.

Transaction Costs Framework

• Ronald Coase, associated with transaction costs, the Coase Theorem, and property rights, significantly impacted economic theory in 1987.

Exogenous Growth Model

• The Solow-Swan model, which addresses factors contributing to long-term economic growth, was credited to economists Robert Solow and Trevor Swan in 1982.

Test your knowledge on countries by GDP and OPEC member countries. Remember the order of the entire list of countries by GDP, as well as the values of the top five. Identify at least three OPEC countries from the provided list.