If the real GDP of a country in 2017 was $300 billion, its price index was 108.3, and its population was 150 billion, then real GDP per capita for that year was _____
A) $0.5 billion
B) $1 billion
C) $8.3 billion
D) $258.3 billion
E) $2 billion

Question

Quizplus · Accepted Answer

Real GDP per capita is calculated by dividing the real GDP by the population. In this case, $300 billion / 150 million (not billion, assuming a typo in the question) = $2 billion per capita.

If the Real GDP of a Country in 2017 Was