asked 218k views
3 votes
_____ is Gross Domestic Product divided by a country's population.

GDP per capita
Real GDP
Nominal GDP

asked
User Smolo
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7.8k points

2 Answers

3 votes

Answer:

GDP per capita

Step-by-step explanation:

GDP is the sum of all goods and services produced by an economy over a given period of time. It is the main indicator of a capitalist economy, since it is the GDP that earns the wealth of the nation. Per capita GDP is an indicator that aims to measure the average wealth of a country's population. To calculate GDP per capita, the value of GDP is divided by the total population of the country.

answered
User Kubusz
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8.3k points
6 votes

Answer: The answer is GDP per capita.

GDP per capita is Gross Domestic Product divided by a country's population.

Explanation: Gross Domestic Product (GDP) per capita refers to dividing the country’s Gross Domestic Product by its population. It measures the country’s economic output that account for the country’s total population. Gross Domestic Product (GDP) per capita is the best measurement of a country’s standard of living.

Gross Domestic Product means the total number of goods and services produced in the country within a year.

answered
User Meterion
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7.5k points
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