To calculate the Gross Domestic Product (GDP) per capita in this scenario, we divide the GDP by the population.
GDP per capita = GDP / Population
In this case, the GDP is $25 million and the population is 500.
GDP per capita = $25,000,000 / 500 = $50,000
Therefore, the GDP per capita for this tiny island country is $50,000.
a tiny island country has a gross domestic product (GDP) of $25 million and a population of 500 citizens. What is its GDA per capita?
1 answer