General Education Development (GED) Practice Exam

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Study for the GED Test. Ace with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of the following countries would be considered an emerging market?

Japan
India
Britain
Canada

The correct answer is: India

India is classified as an emerging market because it shows significant growth potential and has a rapidly expanding economy compared to more developed nations. Emerging markets typically have a lower gross domestic product (GDP) per capita than developed countries, yet they are experiencing substantial industrialization, urbanization, and increased participation in the global economy. In contrast, Japan, Britain, and Canada are established economies with well-developed infrastructure, stable institutions, and higher GDP per capita. These countries are considered developed markets, as they have already transitioned from developing stages to more mature economic systems. India, on the other hand, continues to evolve and presents opportunities for investment and economic development, making it a quintessential example of an emerging market.