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

250 dollars
250 dollars

100 million dollars
100 million dollars

2,500 dollars
2,500 dollars

2.5 million dollars

Answer 1

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

\[ \text{Per Capita GDP} = \frac{\text{GDP}}{\text{Population}} = \frac{50,000,000 \text{ dollars}}{20,000 \text{ people}} = 2,500 \text{ dollars} \]

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