ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$33, 311
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$34, 337
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$33, 435
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$33, 317
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Detailed explanation-1: -Ireland gdp per capita for 2021 was $100, 172, a 17.27% increase from 2020. Ireland gdp per capita for 2020 was $85, 420, a 5.55% increase from 2019. Ireland gdp per capita for 2019 was $80, 927, a 2.12% increase from 2018.
Detailed explanation-2: -GDP per capita is the sum of gross value added by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output, divided by mid-year population.
Detailed explanation-3: -In general, calculating real GDP is done by dividing nominal GDP by the GDP deflator (R). For example, if an economy’s prices have increased by 1% since the base year, the deflating number is 1.01. If nominal GDP was $1 million, then real GDP is calculated as $1, 000, 000 / 1.01, or $990, 099.