The world's average (mean) GDP per capita is $10,515. There are roughly 7 billion people in the world. About 20% of the world's population produces 50% of the world's total GDP. How much GDP does the top 20% produce

Respuesta :

Answer:

$36.802.50 billion

Explanation:

GDP per capita measures the standard of living of the people in a country. The higher the GDP per capita, the higher the standard of living

GDP per capita = GDP / population  

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

$10,515 = GDP / 7 billion

GDP = $10,515 x 7 billion

GDP = 73,605 billion

GDP of the top 20% = 50% x 73,605 billion = $36.802.50 billion