Recently Turkey had a population of 73639596 and a GDP of 13

Recently, Turkey had a population of 73,639,596 and a GDP of 1,392,562,000 Turkish Lira. The inflation rate was reported as 6.13%. If I Turkish Lira is worth 0.56 U.S. dollars, what is the per capita GDP of Turkey is U.S. dollars?

Solution

Here last GDp = current GDp + GDp x inflation rate = 1,392,562,000+ 1,392,562,000 x 0.0613

= 1,392,562,000 + 85364050.6 = 1477926050.6

Here total GDP in US Dollars = 0.56 x 1477926050.6= 827638588.336

So per capita GDP = last GDP/total population

= 827638588.336/73639596 = 11.239

So per capita GDp is $11.24

Answer