Table 17.1 $\begin{array}{|c|c|c|}
\hline \text { Year } & \text { Real GDP } & \text { Population } \
\hline 1 & \$ 575 \text { billion } & 22 \text { million } \
\hline 2 & \$ 580 \text { billion } & 24 \text { million } \
\hline 3 & \$ 605 \text { billion } & 25 \text { million } \
\hline 4 & \$ 606 \text { billion } & 27 \text { million } \
\hline
\end{array}$

Refer to Table 17.1.GDP per capita was the
A)Smallest in year 2.
B)Smallest in year 3.
C)Smallest in year 4.
D)Same each year.

Question

Table 17.1 $\begin{array}{|c|c|c|}
\hline \text { Year } & \text { Real GDP } & \text { Population } \
\hline 1 & \$ 575 \text { billion } & 22 \text { million } \
\hline 2 & \$ 580 \text { billion } & 24 \text { million } \
\hline 3 & \$ 605 \text { billion } & 25 \text { million } \
\hline 4 & \$ 606 \text { billion } & 27 \text { million } \
\hline
\end{array}$

Refer to Table 17.1.GDP per capita was the
A)Smallest in year 2.
B)Smallest in year 3.
C)Smallest in year 4.
D)Same each year.

Quizplus · Accepted Answer

GDP per capita is calculated by dividing the Real GDP by the population. For each year, the GDP per capita is as follows: Year 1: \$575 billion / 22 million = \$26.14 billion per million people. Year 2: \$580 billion / 24 million = \$24.17 billion per million people. Year 3: \$605 billion / 25 million = \$24.20 billion per million people. Year 4: \$606 billion / 27 million = \$22.44 billion per million people. Thus, the GDP per capita was smallest in year 4.

Table 171 Refer to Table 17