Question: If a country\'s GDP is $1 trillion and its population is 50 million, what is the GDP per capita?
Options:
$20,000
$25,000
$30,000
$15,000
Correct Answer: $25,000
Solution:
GDP per capita = GDP / Population = 1,000,000,000,000 / 50,000,000 = $20,000
If a country's GDP is $1 trillion and its population is 50 million, what is the
Practice Questions
Q1
If a country's GDP is $1 trillion and its population is 50 million, what is the GDP per capita?
$20,000
$25,000
$30,000
$15,000
Questions & Step-by-Step Solutions
If a country's GDP is $1 trillion and its population is 50 million, what is the GDP per capita?
GDP per capita – GDP per capita is a measure of a country's economic output that accounts for its number of people. It is calculated by dividing the Gross Domestic Product (GDP) by the total population.
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