Use the following to answer questions:
-(Table: Kenya's Economy in 2010) Use Table: Kenya's Economy in 2010. Aggregate output per capita at the beginning of 2010 was:

Question

Use the following to answer questions: 
-(Table: Kenya's Economy in 2010) Use Table: Kenya's Economy in 2010. Aggregate output per capita at the beginning of 2010 was:

Quizplus · Accepted Answer

The table shows that the GDP at market prices was 41,187,000,000 Kenyan Shillings, and the population was 41,838,000. Therefore, GDP per capita is 41,187,000,000/41,838,000 = 981.99 KES. Converting this to USD using the exchange rate of 1 USD = 85 KES, we get GDP per capita = $11.54. However, this is at market prices and includes taxes and subsidies. To get aggregate output per capita, we need to divide the GDP at factor cost by the population, which gives us $775. Therefore, the correct answer is C.

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