Question

During 2014, the country of Economia had a real GDP of $115 billion and the population was 0.9 billion. In 2013, real GDP was 105 billion and the population was 0.85 billion. In 2013, real GDP per person was A) $128 B) $124 C) $135 D) $117

how to calculate ​

Answer 1

To calculate real GDP per person, divide the real GDP by the population.

Real GDP per person in 2014: $115 billion / 0.9 billion = $127.78 billion/person

Real GDP per person in 2013: $105 billion / 0.85 billion = $123.53 billion/person

Therefore, the answer is B) $124.