Calculate the real GDP per capita of New Amsterdam based on the following information

Real GDP : US$100 million

Population size : 1 million

Labour force: 7.5 million

Question

Calculate the real GDP per capita of New Amsterdam based on the following information

Real GDP :   US$100 million

Population size :    1 million

Labour force:   7.5 million

BlackTom AI · Accepted Answer

To approach this question, start by identifying what real GDP per capita means: it is the real GDP divided by the population size.
Option 1: US$103.5. This would require a GDP per person of 103.5, which would imply either real GDP is larger than 103.5 times the population or the population is smaller. Given the data, real GDP is 100 million and population is 1 million, so 100 per person is the correct scale, not 103.5.
Option 2: US$100. This aligns with the calculation 100 million ÷ 1 million = 100. Since population is 1 million, the per-capita output indeed equals 100 dollars per person.
Option 3: US$107.5. Similar to option 1, this would require a higher per-person figure than the data support; with 100 million total real GDP and 1 million people, 107.5 per person would not come from these numbers.
Option 4: US$133.3. This is substantially higher than the computed 100 and would suggest a much larger GDP per person than the data provide, which is inconsistent with 100 million divided by 1 million.
In summary, only the US$100 option matches the basic arithmetic of real GDP divided by population, while the other figures imply per-capita values that are not supported by the given totals. The labour force value (7.5 million) is not needed for this calculation and does not affect the GDP per capita result here.

Calculate the real GDP per capita of New Amsterdam based on the following information Real GDP : US$100 million Population size : 1 million Labour force: 7.5 million

查看解析

登录即可查看完整答案

类似问题

Which of the following best measures improvements in the standard of living of a nation?

Country X has a population of 100 million and a GDP of $500 billion in 2017. Country Y has a population of 40 million and a GDP of $400 billion in 2017. Which economic measure would be most appropriate to make a comparison of the relative economic prosperity of each country?

Country X has a population of 100 million and a GDP of $500 billion in 2017. Country Y has a population of 40 million and a GDP of $400 billion in 2017. Which economic measure would be most appropriate to make a comparison of the relative economic prosperity of each country?

Country X has a population of 100 million and a GDP of $500 billion in 2017. Country Y has a population of 40 million and a GDP of $400 billion in 2017. Which economic measure would be most appropriate to make a comparison of the relative economic prosperity of each country?

Country X has a population of 100 million and a GDP of $500 billion in 2017. Country Y has a population of 40 million and a GDP of $400 billion in 2017. Which economic measure would be most appropriate to make a comparison of the relative economic prosperity of each country?

Country X has a population of 100 million and a GDP of $500 billion in 2017. Country Y has a population of 40 million and a GDP of $400 billion in 2017. Which economic measure would be most appropriate to make a comparison of the relative economic prosperity of each country?

Countries A and B have the same number of people. They also have the same unemployment rates. However, the labor force participation rate and the productivity in country B are higher than in country A. Choose the correct statement.

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单