The World's Poorest Country is Sitting on $24 Trillion

The video explores the economic challenges and potential of the Democratic Republic of the Congo (DRC), highlighting its vast natural resources and the impact of historical mismanagement and corruption. Despite being one of the poorest countries, the DRC has significant untapped wealth. The video discusses the importance of stability and governance in attracting investment and the limitations of GDP as a measure of economic health. It also examines the role of self-sufficiency and specialization in economic development, concluding with the DRC's position in the global economic ranking.

What is the GDP per capita of the Democratic Republic of the Congo as mentioned in the video?

• $584

• $5,000

• $1,179

• $2,000

What major event in 1960 significantly impacted the DRC's economy?

• The discovery of oil

• Independence from Belgium

• A major earthquake

• The introduction of a new currency

Why do international companies hesitate to invest in the DRC?

• Lack of natural resources

• High labor costs

• Political instability and corruption

• Strict environmental regulations

Which of the following is NOT included in GDP calculations?

• Domestic production

• Final goods

• Illegal goods and services

• Government spending

What is the purchasing power parity adjusted GDP per capita of the DRC?

• $1,179

• $2,500

• $584

• $4,000

What is the impact of domestic production on GDP figures?

• It is not counted in GDP

• It inflates GDP figures

• It is fully included in GDP

• It decreases GDP

What is the main challenge in using GDP to measure economic well-being in the DRC?

• It includes illegal activities

• It does not account for domestic production

• It overestimates economic growth

• It is too complex to calculate

What is a major barrier to economic growth in the DRC?

• Political instability

• Overpopulation

• Lack of natural resources

• High education levels

What is the main reason for the DRC's inability to capitalize on its natural resources?

• Lack of demand

• Political instability and corruption

• Lack of skilled labor

• High export taxes

What is the role of specialization in economic development?

• It decreases economic growth

• It enhances productivity and trade

• It reduces the need for trade

• It increases self-sufficiency