Assume that the real GDP of the United States is approximately $12 trillion and the population of the United States is approximately 300 million. What is per capita real GDP?
A) $4,000
B) $36,000
C) $40,000
D) Real per capita GDP can't be determined without more information.

Question

Quizplus · Accepted Answer

Per capita real GDP is calculated by dividing real GDP by the population, so:

Per capita real GDP = $12 trillion / 300 million = $40,000.

Therefore, the correct option is (C).

Assume That the Real GDP of the United States Is