Question

Lilliput's aggregate income in 2015 was $48,002,000,500. Suppose the population of Lilliput was 20,100,500 in 2015, of which 16,086,000 people were employed. Therefore, Lilliput's income per capita in 2015 was $ _______ (Round your answer to two decimal places).

Answer 1

Lilliput's income per capita in 2015 was $2,389.20 (rounded to two decimal places).

Step-by-step explanation:

To find Lilliput's income per capita in 2015, we need to divide the aggregate income by the population.

The formula to calculate income per capita is:

Income per capita = Aggregate income / Population

Plugging in the given values:

Income per capita = $48,002,000,500 / 20,100,500 = $2,389.20

Therefore, Lilliput's income per capita in 2015 was $2,389.20 (rounded to two decimal places).