Question

Consider the table of GDP and population for several imaginary countries. Country GDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars Wrigleyville 529.0 101.0 153 183.00 Longhornland 3055 Dinkytown 1.700 Using this information, please answer the questions. If there is not enough information to answer a question, please enter-1 A. What is the GDP per capita of Longhornland in U.S. dollars? Express your answer rounded to one decimal place. B. What is the GDP of Dinkytown in millions of U.S. dollars? Express your answer rounded to one decimal place

Answer 1

Ans……

(A)

Longhornland GDP = $3055 million

Population = 153 million

GDP per capita of Longhornland= GDP / population

= $3055/153

= $19.967

GDP per capita of Longhornland is $19.967 .

(B)

Dinkytown population = 183 million

GDP per capita of Dinkytown = $1.700

Dinkytown GDP = population * GDP per capita

=183 million* 1.700

= $311.1 million

Hence GDP of Dinkytown is $311.1 million.