Question

The GDP in China is $12.2 trillion. The rate of inflation is 2.5%. If the population of China is 1,421,021,000, find the per capita GDP in this country. Round to the nearest hundredth.

Answer 1

The per capita GDP of China is $8,586.76, found by dividing the total GDP of $12.2 trillion by the population of 1,421,021,000, and rounding to the nearest hundredth.

Step-by-step explanation:

The question requires calculating the per capita GDP of China. The GDP of China is given as $12.2 trillion and the population is 1,421,021,000.

To find the per capita GDP, you divide the total GDP by the population. The calculation is as follows:

GDP per capita = Total GDP / Population

= $12,200,000,000,000 / 1,421,021,000

= $8,586.76 (rounded to the nearest hundredth)

Therefore, the per capita GDP in China, rounded to the nearest hundredth, is $8,586.76. Please note, the rate of inflation does not affect this calculation as we are working with the provided GDP figure as is.