During 2014, the country of Economia had a real GDP of $115 billion and the population was 0.9 billion. In 2013, real GDP was 105 billion and the population was 0.85 billion. In 2013, real GDP per person was

Question

Quizplus · Accepted Answer

Real GDP per person in 2013 can be calculated as:

Real GDP per person in 2013 = Real GDP in 2013 / Population in 2013

Real GDP in 2013 = $105 billion
Population in 2013 = 0.85 billion

Real GDP per person in 2013 = 105 billion / 0.85 billion = $124

Therefore, the correct answer is B) $124.

During 2014, the Country of Economia Had a Real GDP