Question

HELPPP ME

Question: Per capita GDP of a country is the divided by the BLANK 1
divided by the BLANK 2
blank one:
A total amount of money held in financial institutions
B total quantity of goods produced
C total value of the money supply
D total worth of companies owned by a private sector
blank 2:
A number of households
B number of privately own businesses
C number of financial institutions
D number of citizens

Answer 1

Blank 1: total value of the money supply

Blank 2: number of citizens

Per capita GDP of a country is a the divided by the total value of the money supply divided by the number of citizens. It's basically an equation to memorize.

Answer 2

The answer for Blank 1: C. total value of the money supply

The answer for Blank 2: D. number of citizens.

GDP per capita describes the average economic output that a single citizens had produce in a certain year.

In order to calculate this, we need to find out the total value of the money supply by adding total Consumption, investments, Government spending, and net export. After this, we divide the total value of the money supply with the number of populations in a country to find the average economic output.