The market value of all final goods and services produced within a given country in a year divided by the country's population is:
A) GNP.
B) GNP per capita.
C) GDP.
D) GDP per capita.

Question

Quizplus · Accepted Answer

GDP per capita is the measure of a country's economic output that accounts for its population. It is calculated by dividing the country's Gross Domestic Product (GDP) by its total population.

The Market Value of All Final Goods and Services Produced