Question

In 2014, U.S. gross domestic product (GDP) was roughly $17.4 trillion. Given that the U.S. population was roughly 319 million people, per capita GDP in the United States in 2014 was roughly: Choose one: A. $54,545. B. $475,990. C. $4,760. D. $22,000. E. $0.22.

Answer 1

$54,545

Step-by-step explanation:

Step 1: Calculate the GDP

1 trillion = 1000 billion

$17.4 × 1000 = $17400 million

The GDP of the U.S. is 17400 million dollars

Step 2: Calculate the per capita GDP

GDP = 17400 million

Number of people = 319 million

Divide total GDP to number of people

`(17400)/(319) \\\\= 54.5454`

The United States in 2014 was roughly 54,545 dollars.

Answer 2

GDP per capta will be $54.5454

So option (a) will be correct option

Step-by-step explanation:

We have given GDP of US in 2014 is roughly about $17.4 trillion

We know that 1 trillion = 1000 billion

So GDP of US = $17.4×1000 = $17400 million

Population of US in 2014 = 319 million

We have to find the GDP per capita

For finding GDP per capita we have to divide total GDP to number of peoples

So GDP per capita will be
`=(17400)/(319)=$54.5454`

So option (a) will be the correct option