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Earn +20 ptsQ: What is a country's GDP divided by its population called?
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What Real GDP divided by the total population is?
the real GDP per capita
What is GDP par capita?
The GDP (gross domestic product) of a country divided by that country's population.
What is the formula for gross domestic product?
GDP divided by total population
How do you calculate GDP per capita?
I think you should divide total GDP of the country to the population of that country. GDP is given in Billions and population is given in Millions. Divide GDP by Population, then multiply answer by 1000. It should work the same way using real GDP numbers
Can real GDP rise as per-capita real GDP falls?
It can if your population increases faster than your GDP. Imagine if you have a 6% growth in GDP but a 10% growth in population => a reduction of 4% in GDP per capita.
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