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suppose that pandastan has a gdp of $5 billion and a population of 2 million, while tigerstan has a gdp of $3 billion and a population of 1 million. which country has a higher gdp per capita, and what is that value?

Respuesta :

Tigerstan has higher GDP of $3000

What does a country's GDP mean?

The most widely used indicator of an economy's size is its gross domestic product (GDP). The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). As a result, it accounts for the revenue generated by that manufacturing, or the total amount spent on finished goods and services (fewer imports).

Formula for GDP per capita = GDP/ population

GDP per capita of Pandastan = 5000000000/2000000 = $2500

GDP per capita of Tigerstan = 3000000000/1000000 = $3000

Hence, Tigerstan has hogher GDP of $3000

To learn more about GDP, visit:

https://brainly.com/question/15682765

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