The GDP of a small country with a population of 200,000 is $56,000,000.The income per capita in the country is ________.
A) $50
B) $100
C) $200
D) $280

Question

Quizplus · Accepted Answer

The formula for income per capita is:

Income per capita = GDP / Population

Substituting the given values, we get:

Income per capita = 56,000,000 / 200,000
Income per capita = $280

Therefore, the answer is D) $280.

The GDP of a Small Country with a Population of 200,000