How do economists determine the real GDP per capita?

History

1 answer:

mart [117]3 years ago

3 0

Answer:

The correct answer is B. To determine the real GDP per capita, economists divide the real GDP by the total population.

Explanation:

GDP per capita is an economic key figure that shows the annual average production of a country's residents. For the calculation, total GDP is divided by the population of the country. In order to determine the real GDP per capita, the respective inflation rate is used for adjustment.

It is an indicator commonly used to estimate a country's economic wealth. Numerous evidences show that GDP per capita has a positive correlation with the quality of life of the inhabitants of a country.

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