If the GDP of a country is $2 trillion and the population is 200 million, what i

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Question: If the GDP of a country is $2 trillion and the population is 200 million, what is the GDP per capita?

Options:

Correct Answer: $10,000

Solution:

GDP per capita = GDP / Population = $2 trillion / 200 million = $10,000.

If the GDP of a country is $2 trillion and the population is 200 million, what is the GDP per capita?

If the GDP of a country is $2 trillion and the population is 200 million, what is the GDP per capita?

Step 1: Identify the GDP of the country, which is $2 trillion.
Step 2: Identify the population of the country, which is 200 million.
Step 3: Use the formula for GDP per capita, which is GDP divided by Population.
Step 4: Substitute the values into the formula: $2 trillion divided by 200 million.
Step 5: Calculate the division: $2 trillion is the same as $2,000 billion, and 200 million is the same as 0.2 billion.
Step 6: Now divide: $2,000 billion / 0.2 billion = $10,000.

GDP per capita – GDP per capita is a measure of a country's economic output that accounts for its number of people, calculated by dividing the GDP by the population.