Math Problem Statement

can you help me calculate a gdp per capita?

Solution

Certainly! To calculate GDP per capita, you use the formula:

GDP per capita=Gross Domestic Product (GDP)Population\text{GDP per capita} = \frac{\text{Gross Domestic Product (GDP)}}{\text{Population}}

Where:

  • GDP is the total value of all goods and services produced in a country over a specific time period (usually a year).
  • Population is the total number of people in the country.

For example:

If a country has a GDP of $1,000,000,000 (1 billion dollars) and a population of 10 million, the GDP per capita would be:

GDP per capita=1,000,000,00010,000,000=100\text{GDP per capita} = \frac{1,000,000,000}{10,000,000} = 100

So, the GDP per capita would be $100.

Would you like help with a specific calculation or further clarification on how this is applied in different contexts? Feel free to provide the numbers you'd like to use!


Here are some related questions:

  1. What factors affect a country's GDP besides population size?
  2. How is GDP measured: by income, expenditure, or production?
  3. How does GDP per capita compare between developed and developing countries?
  4. What are the limitations of using GDP per capita to measure living standards?
  5. How can GDP per capita be adjusted for inflation?

Tip: Always check whether the GDP and population data you use is for the same year to ensure an accurate calculation!

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Math Problem Analysis

Mathematical Concepts

Arithmetic
Division
Ratio and Proportions

Formulas

GDP per capita = GDP / Population

Theorems

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Suitable Grade Level

Grades 7-9