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In 2001, Minitown had a GDP of $293000 and a population of 1600.What was the GDP per capita in Minitown in 2001?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section7.2: The Expenditure Approach To Computing Gdp For A Real World Economy

Problem 3ST

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In 2001, Minitown had a GDP of $293000 and a population of 1600.
What was the GDP per capita in Minitown in 2001?

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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