94 Consider the following data What is the per capita real G

9-4. Consider the following data. What is the per capita real GDP in each of these countries? CountryPopulation (millions) Real GDP ($ billions) A 10 55 B 20 60 5 70

Solution

9-4 real gdp per capita= real gdp / population

Country A

Real gdp= 55 billion= 55000 million

Real gdp per capita= 55000/10= 5500 million

Country B

Real gdp = 60000 million

Real gdp per xacapi= 60000/20= 3000 million

Country C

Real gdp= 70000 million

Real gdp per capita= 70000/5= 14000 million