Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

How is per capita GDP calculated, and what does it tell us about the economy?
Explain


Sagot :

GDP (gross domestic product) is referred to as the gross domestic product of a country - amount of goods and services within one country, and per capita GDP is about GDP per person. Therefore, a total amount of GDP (this information is usually found in the bureau of the census report) should be divided by a total number of population. For example, if GDP is 100,000 and a total population is 100, per capita is 1000 (100,000/1000).

And, information about per capita GDP is useful when people compare one country with another because it presents each country's performance on gross domestic product.

Answer:

total market value of goods and services produced with in a year divided by total population

Explanation:

This is the way