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Formula for GDP Per Capita
Calculating GDP Per Capita for a Hypothetical Nation
A country has a total Gross Domestic Product (GDP) of $2 trillion and a population of 50 million people. Calculate the country's GDP per capita. Show your calculation and briefly explain what this figure represents.
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Economy
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Country X has a total Gross Domestic Product (GDP) of 400 billion. However, an economist correctly states that Country Y has a higher GDP per capita than Country X. Which of the following statements must be true to explain this situation?
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The table below provides economic data for three different countries. Based on this information, which option correctly ranks the countries from the largest population to the smallest population?
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