Social Studies, 03.03.2020 18:53 Nathaliasmiles

Math Practice for Economics Computing Per Capita Gross Domestic Product (GDP) Introduction Gross Domestic Product per capita is often used as a rough measure of a nation's prosperity. Source estimates vary, but the United States and other developed countries have GDP per capita that ranges between $12,000 and $27,000 annually. GDP per capita in developing nations is considerably less, and in the world's poorest nations it is extremely low. Directions: Try computing the GDP per capita for selected countries. The table below provides the data you need. You also need to know a few things before getting started. The abbreviation B stands for billion, and the abbreviation T indicates trillion. To simplify the math, round the population to the nearest million and rewrite GDP in millions, as is shown in the first two rows. Then, to fill out the GDP Per Capita column, plug the data from the Population (in millions) column and the GDP (in millions) column into the equation below and round your answers to the nearest dollar. You may use a calculator if needed. GDP Per Capita = GDP ÷ Population Country Population Population (in millions) GDP (in millions) GDP Per Capita GDP Per Capita GDP (ppp) GDP (ppp) GDP (ppp) Afghanistan 32,564,000 32.5 $62.32 B $62,320 $1,917 Cambodia 15,709,000 15.7 $54.21 B $54,210 21. China 1,367,485,000 1. $19.51 T 11. 22. Ecuador 15,868,000 2. $183.4 B 12. 23. France 66,554,000 3. $2.65 T 13. 24. Gabon 1,705,000 4. $34.58 B 14. 25. India 1,251,696,000 5. $7.96 T 15. 26. Japan 126,920,000 6. $4.83 T 16. 27. Madagascar 23,813,000 7. $35.44 B 17. 28. Portugal 10,825,000 8. $289.8 B 18. 29. Saudi Arabia 27,752,000 9. $1.68 T 19. 30. United States 321,369,000 10. $17.97 T 20. 31.

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Math Practice for Economics Computing Per Capita Gross Domestic Product (GDP) Introduction Gross Dom...

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