Question

The GDP in Japan is $4.87 trillion. The rate of inflation is 2.5%. If the population of Japan is 127,502,000, find the per capita GDP in this country.?

Answer 1

The GDP per capita of Japan is calculated by dividing the total GDP of $4.87 trillion by the population, which results in a per capita GDP of $38,222.64.

Step-by-step explanation:

The Gross Domestic Product (GDP) per capita is an important economic metric that represents a country's economic output on a per-person basis. To calculate the GDP per capita for Japan, you take the total GDP and divide it by the population of the country. In this case, the GDP of Japan is $4.87 trillion and the population is 127,502,000.

The formula is as follows:

GDP per capita = Total GDP / Population

Here's the calculation:

GDP per capita = $4.87 trillion / 127,502,000 = $38,222.64

Therefore, the GDP per capita of Japan is $38,222.64.

The rate of inflation does not affect the GDP per capita directly but is an important consideration for understanding the change in value of the currency over time.