A country has a population of 20,000 people and a GDP of 50 million dollars. What is the per capita GDP of the country?(1 point)

Question

Responses

100 million dollars
100 million dollars

250 dollars
250 dollars

2.5 million dollars
2.5 million dollars

2,500 dollars
2,500 dollars

Answer 1

To calculate the per capita GDP, you divide the GDP by the population.

In this case:

• GDP = 50 million dollars = 50,000,000 dollars
• Population = 20,000 people

Per capita GDP = GDP / Population = 50,000,000 / 20,000 = 2,500 dollars.

So, the per capita GDP of the country is 2,500 dollars.