To calculate the GDP per capita, you divide the GDP by the population.
GDP per capita = GDP / Population
Using the numbers provided:
GDP per capita = $25,000,000 / 500 = $50,000
So, the correct response is $50,000.
Responses
$2,000
$2,000
$125 million
$125 million
$25 million
$25 million
$50,000
1 answer
To calculate the GDP per capita, you divide the GDP by the population.
GDP per capita = GDP / Population
Using the numbers provided:
GDP per capita = $25,000,000 / 500 = $50,000
So, the correct response is $50,000.