in the real GDP of a country in 2011 was 425 billion, its price index was...

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in the real GDP of a country in 2011 was 425 billion, its price index was...

in the real GDP of a country in 2011 was 425 billion, its price index was 108.3 and its population was 300 billion. What is the real GDP per capita for that year?

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Answer 1

Answer #1

Ans. Real GDP in 2011 = 425billion, price index = 108.3 and population = 300 billion, then

Real GDP per capita in 2011 = Real GDP in 2011/ population in 2011

Real GDP per capita in 2011 = 425 billion/300 billion

Real GDP per capita in 2011 = $1.4167 per person

Hence, the Real GDP per capita in 2011 is $1.4167 per person

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Answer 2

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in the real GDP of a country in 2011 was 425 billion, its price index was...

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