Final answer:
The per capita income of a country with a GDP of $200 million and a population of 10,000 is $20,000, calculated by dividing the GDP by the total population. This places the country into the category of middle-income nations based on comparative GDP per capita ranges.
Step-by-step explanation:
To calculate the per capita income, you would divide the country's gross domestic product (GDP) by the total population. In this case, the country's GDP is $200 million, and the total population is 10,000 people.
Per capita income is calculated as follows:
- GDP = $200,000,000
- Population = 10,000
- Per Capita Income = GDP / Population
- Per Capita Income = $200,000,000 / 10,000
- Per Capita Income = $20,000
Therefore, the per capita income of this country would be $20,000. It's important to note that only part of the population working does not change the per capita calculation, as it is based on the entire population.
Comparing this with the classification of countries by GDP per capita, it falls into the category of middle-income countries, which includes nations that have a GDP per capita in the range of $6,000 to $12,000. Although the calculated per capita income would place it above that range, the example provides context for the type of economies being compared.