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	567.0	105.0
Longhornland	2881	131
Dinkytown		205.00	1.100

Using this information, please answer the questions. If there is not enough information to answer a question, please enter −11.

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

A ) Ans: The GDP per capita of Longhornland in U.S. dollars is $22

Explanation:

GDP per capita = GDP / Total Population

The GDP per capita of Longhornland = 2881 million / 131 million = $21.9923 or $22

B ) Ans: The GDP of Dinkytown in millions of U.S. dollars is $226 million

Explanation:

GDP = GDP per capita * Total Population

The GDP of Dinkytown = 205.00 * 1.100 = 225.5 million or 226 million