ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The population divided by total GDP.
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Investment as a percentage of GDP.
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Total GDP divided by total population.
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The same as GDP per worker.
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Detailed explanation-1: -Gross Domestic Product (GDP) per capita shows a country’s GDP divided by its total population. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita.
Detailed explanation-2: -GDP per capita is gross domestic product divided by midyear population. GDP at purchaser’s prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
Detailed explanation-3: -GDP per capita is calculated by dividing the gross domestic product of a country with its population.
Detailed explanation-4: -Real GDP per capita is calculated by dividing GDP at constant prices by the population of a country or area. The data for real GDP are measured in constant US dollars to facilitate the calculation of country growth rates and aggregation of the country data.
Detailed explanation-5: -Average income is calculated by dividing the total income of the country by its total Population.