Developed and Less Developed Nations Quick Check

Question

1 of 51 of 5 Items
Question
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)
Responses

2,500 dollars
2,500 dollars

2.5 million dollars
2.5 million dollars

250 dollars
250 dollars

100 million dollars

Answer 1

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

Per capita GDP = GDP / Population

Given:

• GDP = 50 million dollars = 50,000,000 dollars
• Population = 20,000 people

Per capita GDP = 50,000,000 / 20,000 = 2,500 dollars

Therefore, the correct response is 2,500 dollars.