Question

A country has a population of 20,000 people and a GDP of 50 million dollars. What is the per capita GDP of the country?

Answer 1

2,500

Step-by-step explanation:

Answer 2

$2500

Step-by-step explanation:

Given,

No. of peoples living in a country = 20,000

GDP of the country is = 50 million dollars or $50,000,000

As we know,

`per \: capita \: gdp \: = (country's \: total \: GDP )/(country's \: total \: population)`

Therefore,

The per capita GDP of the given country will be

`= (country's \: total \: GDP )/(country's \: total \: population)`

`= (50,000,000)/(20,000)`

= $2500

Henceforth,

The per capita GDP of the given country is $2500 (Ans)