A tiny island country has a gross domestic product (GDP) of $25 million and a population of 500 citizensWhat is its GOP per capita? (1 point) $50,000 $ 125 $ 2,000 $ 25 by

Answer 1

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

GDP per capita = GDP / population

GDP per capita = $25 million / 500

GDP per capita = $50,000

Therefore, the GDP per capita of the tiny island country is $50,000.