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?

Answer 1

Answer:

$2500

Explanation:

Given,

No. of peoples living in a country = 20,000

GDP of the country is = 50 million dollars or $50,000,000

As we know,

$per \: capita \: gdp \: = \frac{country's \: total \: GDP }{country's \: total \: population}$

Therefore,

The per capita GDP of the given country will be

$= \frac{country's \: total \: GDP }{country's \: total \: population}$

$= \frac{50,000,000}{20,000}$

= $2500

Henceforth,

The per capita GDP of the given country is $2500 (Ans)