GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is GDP per capita?
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GDP divided by the value of capital inputs
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GDP divided by the population
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GDP divided by the number of workers
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GDP divided by the number of weeks in the year
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Explanation:
Detailed explanation-1: -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-2: -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.
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