Use the table to answer the questions. Round your answers to the nearest cent.Country ACountryCountryGross domestic product (GDP) Population7 trillion$1.25 trillion350 million50 millionWhat is the GDP per capita for Country A?What is the GDP per capita for Country B?Which country has the largest average GDP per capita?Country AO Country B

Question
Asked Mar 3, 2019
572 views
Use the table to answer the questions. Round your answers to the nearest cent.
Country A
Country
CountryGross domestic product (GDP) Population
7 trillion
$1.25 trillion
350 million
50 million
What is the GDP per capita for Country A?
What is the GDP per capita for Country B?
Which country has the largest average GDP per capita?
Country A
O Country B
help_outline

Image Transcriptionclose

Use the table to answer the questions. Round your answers to the nearest cent. Country A Country CountryGross domestic product (GDP) Population 7 trillion $1.25 trillion 350 million 50 million What is the GDP per capita for Country A? What is the GDP per capita for Country B? Which country has the largest average GDP per capita? Country A O Country B

fullscreen
check_circle

Expert Answer

Step 1

a.)

GDP per capita for country A:

GDP per capita for country A can be calculated as follows:

fullscreen
Step 2

b.)

GDP per capita for country B:

GDP per capita for country B can ...

fullscreen

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Economics

Related Economics Q&A

Find answers to questions asked by student like you

Show more Q&A add
question_answer

Q: 1. What is the difference between private and social costs?2. How can the government intervene to fo...

A: Since you have not mentioned the question you need help with, we would be able to answer the first q...

question_answer

Q: Suppose that a worker in Caninia can produce either 2 blankets or 8 meals per day, and a worker in F...

A: To understand the decline in output, let us understand the backdrop of the situation before the war....

question_answer

Q: Bose will incur fixed costs of $200,000 and unit variable costs of $25 on its new wireless Bluetooth...

A: Fixed cost is the cost that must be paid by the firm irrespective of its level of production.Variabl...

question_answer

Q: 1.Graph and label as either direct or indirect the relationships you would expect to find between (a...

A: (a.)The number of inches of rainfall per month and the sale of umbrellas:If inches of rainfall incre...

question_answer

Q: 1)  The Framers envisioned a president who would? A) Be directly Responsible to the people  B) Be di...

A: If the framers (the persons who is responsible to generate a policy, system or a plan) are wished to...

question_answer

Q: (1-3) Spartanville is a small country off the coast of Western Canada that relies heavily on the ext...

A: Inflation: Inflation refers to the situation where the general price level in an economy have increa...

question_answer

Q: Let’s say that Marianne is a politician who promises cheaper gasoline for everyone in the country if...

A: From the aforementioned question, it can be stated that Marianne is one of the politicians who are c...

question_answer

Q: In countries with extremely high inflation, increases in the money supply:     A) are quic...

A: An extremely high inflation rate (π) is associated with a rapid upsurge in the MS (money supply) in ...

question_answer

Q: Banks don't lend out all of the funds deposited because:     A) they need to make more mon...

A: Bank is financial institution that controlled and monitor by the central bank of the respective coun...