It is estimated that in 2007, Mexico had a population of 110 million and GDP of $1 trillion. In 2006, Mexico's population was 104 million and GDP was $839 billion. Per GDP person ________ by ________ between 2006 and 2007 in Mexico.

Question

Quizplus · Accepted Answer

The GDP per capita in 2006 was $839 billion / 104 million = $8,067. In 2007, it was $1 trillion / 110 million = $9,091. The increase in GDP per capita from 2006 to 2007 was $9,091 - $8,067 = $1,024, which is closest to the option A value of $1,038.

It Is Estimated That in 2007, Mexico Had a Population