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Suppose the G...

Question

Suppose the Gross Domestic Product in a country is $450 million and the population of that country is 150 million. What is the per capita GDP of that country?

A

$300 million.

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B

$30 million.

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C

$3 million.

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D

$0.3 million.

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Solution

The correct option is C
$3 million.

Per-capita GDP = $\frac{G D P}{P o p u l a t i o n}$

= $\frac{$ 450 m i l l i o n}{150 m i l l i o n}$

=$3 million

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