In 2001 the value of rgdp was $12.43 trillion, the population was 287.88 million, and the number of people employed was 145,685 measured in thousands. what was the value of rgdp per capita?

Respuesta :

In 2001 the value of GDP was $12.43 trillion, the population was 287.88 million, and the number of people employed was 145,685 measured in thousands. the value of RGDP per capita is $43,178.

Gross domestic product (GDP) is the total amount of final goods and services produced in an economy over a given time period, which is usually a year.

GDP calculated using the expenditure approach = Household consumption + Business investment + Government spending + Net exports

Net export = exports - imports.

GDP calculated using base year prices is referred to as real GDP.

Inflation has been factored into real GDP.

Real GDP per capita is a measure of a country's population's standard of living.

Real GDP per capita = GDP per capita / population

Now, substituting the values in the above formula we get,

Real GDP per capita = $12.43 trillion / 287.88 million

                                  = $12,430,000,000,000 / 287,880,000

                                  = 43,177.713

                                  = $43,178

Hence, the value of GDP per capita is $43,178.

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