f GDP is $15 trillion and the population is 300 million, then the GDP per capita is Blank______.Multiple choice question.$5,000$4,500,000$50,000$50
Question
If GDP is $15 trillion and the population is 300 million, then the GDP per capita is _____.
Multiple choice question:
- $5,000
- $4,500,000
- $50,000
- $50
Solution
To find the GDP per capita, you need to divide the total GDP by the population.
Step 1: Identify the total GDP and the population.
- Total GDP = $15 trillion
- Population = 300 million
Step 2: Convert the GDP into the same unit as the population.
- 15,000,000,000,000
- 300 million = 300,000,000
Step 3: Divide the total GDP by the population.
- GDP per capita = $15,000,000,000,000 / 300,000,000
Step 4: Perform the division.
- GDP per capita = $50,000
Therefore, the GDP per capita is $50,000.
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