Question

The GDP in the United Kingdom is $2.64 trillion. The

rate of inflation is 2.5%. If the population of the
United Kingdom is 66,727,000, find the per capita
GDP in this country.
per capita GDP = $ [?]
Round to the nearest hundredth.

Answer 1

The per capita GDP of the United Kingdom is calculated by dividing the total GDP of $2.64 trillion by its population of 66,727,000, resulting in approximately $39,582.67 when rounded to the nearest hundredth.

Step-by-step explanation:

To calculate the per capita GDP of the United Kingdom, we must divide the country's total GDP by its population. Given that the GDP is $2.64 trillion and the population is 66,727,000, the per capita GDP can be found using the following formula:

Per Capita GDP = Total GDP / Population

Firstly, convert trillion to billions because the population is given in millions and for ease of calculation:

$2.64 trillion = $2,640 billion

Now, divide GDP in billions by the population in millions:

Per Capita GDP = $2,640 billion / 66.727 million

Per Capita GDP = $39,582.67 (rounded to the nearest hundredth)

The per capita GDP of the United Kingdom is approximately $39,582.67.

Answer 2

The per capita GDP in the United Kingdom is approximately $39,505.61, rounded to the nearest hundredth.

To find the per capita GDP in the United Kingdom, we need to divide the GDP by the population of the country.

Calculate the per capita GDP.

Per capita GDP = GDP / Population

Substitute the given values into the formula.

Per capita GDP = $2.64 trillion / 66,727,000

Perform the calculation.

Per capita GDP = $39,505.61

Therefore, the per capita GDP in the United Kingdom is approximately $39,505.61.