ECONOMICS
PRODUCTIVITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The GDP of the country divided by its population
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The net amount of exports divided by population
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The net amount of imports divided by the number of capitals
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The number of geriatric prisoners per year per capital
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Detailed explanation-1: -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. Growth is calculated from constant price GDP data in local currency.
Detailed explanation-2: -GDP per capita, purchasing power parity (PPP) (current international $)-This is the GDP divided by the midyear population, where GDP is the total value of goods and services for final use produced by resident producers in an economy, regardless of the allocation to domestic and foreign claims.
Detailed explanation-3: -Gross domestic product (GDP) is the standard measure of the value-added created through the production of goods and services in a country during a certain period. GDP can be calculated in three ways: income, expenditure and production method.
Detailed explanation-4: -Real GDP Per Capita = Nominal GDP/(1+ Deflator)/Population Where, Nominal GDP/Deflator will be Real GDP.
Detailed explanation-5: -GDP per capita. The formula divides the nation’s Gross Domestic Product. Further, if one is looking at just one point in time, then Nominal GDP can be used.