Answer :
To find the GDP per capita, follow these steps:
1. Understand the definitions:
- GDP (Gross Domestic Product) is the total value of all goods and services produced in a country over a specific time period.
- Population is the total number of people living in that country.
2. Concept of GDP per Capita:
- GDP per capita is a measure of the economic output per person. It provides an average economic productivity value for an individual in the population and is useful for comparing the economic performance of different regions or countries.
3. Formula for GDP per Capita:
- The formula to calculate GDP per capita is:
[tex]\[ \text{GDP per capita} = \frac{\text{GDP}}{\text{Population}} \][/tex]
4. Correct Answer:
- To find GDP per capita, you need to divide GDP by the population.
Therefore, the correct choice is:
- Dividing GDP by population.
1. Understand the definitions:
- GDP (Gross Domestic Product) is the total value of all goods and services produced in a country over a specific time period.
- Population is the total number of people living in that country.
2. Concept of GDP per Capita:
- GDP per capita is a measure of the economic output per person. It provides an average economic productivity value for an individual in the population and is useful for comparing the economic performance of different regions or countries.
3. Formula for GDP per Capita:
- The formula to calculate GDP per capita is:
[tex]\[ \text{GDP per capita} = \frac{\text{GDP}}{\text{Population}} \][/tex]
4. Correct Answer:
- To find GDP per capita, you need to divide GDP by the population.
Therefore, the correct choice is:
- Dividing GDP by population.
