To calculate the GDP per capita of the tiny island country, we divide the gross domestic product (GDP) by the population.
GDP per capita = GDP / Population
Given that the GDP is $25 million and the population is 500 citizens:
GDP per capita = $25,000,000 / 500
GDP per capita = $50,000
Therefore, the GDP per capita of the tiny island country is $50,000.
a tiny island country has a gross domestic product(GDP) of $25 million and a population of 500 citzens. what is its GDP per capita?
1 answer