Question

China produced 121,021 billion yuan and has a population of 1.4 billion in 2022. The exchange rate is 6.9 yuan per U.S. dollar. Calculate the GDP per capita of China as measured in U.S. dollars.

A. $125.29
B. $20,909.00
C. $12,528.00
D. $495.18

Answer 1

To calculate the GDP per capita of China in U.S. dollars, you need to divide the total GDP in yuan by the exchange rate and the population. China's GDP per capita as measured in U.S. dollars is $12,528.00.

Step-by-step explanation:

To calculate the GDP per capita of China in U.S. dollars, you need to divide the total GDP in yuan by the exchange rate and the population. In this case, China's GDP is 121,021 billion yuan, the exchange rate is 6.9 yuan per U.S. dollar, and the population is 1.4 billion.

First, convert the GDP from yuan to U.S. dollars:

GDP in U.S. dollars = GDP in yuan / exchange rate

= 121,021 billion yuan / 6.9 yuan per U.S. dollar

= 17,556 billion U.S. dollars

Next, calculate the GDP per capita:

GDP per capita = GDP in U.S. dollars / population

= 17,556 billion U.S. dollars / 1.4 billion

= $12,540 per capita

Therefore, the GDP per capita of China as measured in U.S. dollars is option C. $12,528.00.