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riadik2000 [5.3K]
3 years ago
13

Ethiopia has a GDP of $8 billion (measured in U.S. dollars) and a population of 55 million. Costa Rica has a GDP of $9 billion (

measured in U.S. dollars) and a population of 4 million. Calculate the per capita GDP for each country and identify which one is higher.
Business
1 answer:
barxatty [35]3 years ago
5 0

Answer:

Per capita GDP for Ethiopia is $145.45. The per capita GDP for Costa Rica $2,250.

Costa Rica has higher per capita GDP.

Explanation:

Ethiopia has a GDP of $8 billion (measured in U.S. dollars) and a population of 55 million.

Costa Rica has a GDP of $9 billion (measured in U.S. dollars) and a population of 4 million.

Per capita GDP for Ethiopia

= \frac{GDP}{Population}

= \frac{8000}{55}

= $145.45

Per capita GDP for Costa Rica

= \frac{GDP}{Population}

= \frac{9000}{4}

= $2,250

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