Question

A country’s gross domestic product divided by its population is called __________.

Answer 1

A country’s gross domestic product divided by its population is called GDP per capita.

Answer: Option C

Explanation:

GDP per capita helps to know the GDP per person. GDP is the gross domestic product which is calculated for an economy as a whole. It is a universal measure that helps to know about the prosperity of nations in terms of the economic growth.

It shows the economic production value that every person contributes to the economy of a nation. This metric is used to know how much the population is contributing to the economic growth of a country.

Answer 2

Answer: C

Explanation: GDP Per Capita