In 2018, Belize had a GDP of 4 billion Belize dollars, and a population of 400,000 people. The exchange rate was 2 Belize dollars per U.S. dollar. Calculate the GDP per capita of Belize in 2018 as measured in U.S. dollars a. 2,000 USD b. 4,000 USD c. 5,000 USD d. 10,000 USD
In 2018, Belize had a GDP of 4 billion Belize dollars, and a population of 400,000 people. The exchange rate was 2 Belize dollars per U.S. dollar. Calculate the GDP per capita of Belize in 2018 as measured in U.S. dollars a. 2,000 USD b. 4,000 USD c. 5,000 USD d. 10,000 USD
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
In 2018, Belize had a
a. |
2,000 USD |
|
b. |
4,000 USD |
|
c. |
5,000 USD |
|
d. |
10,000 USD |
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