If a country's GDP is $200 million, and its total population is 10,000, but only 8,000of these people work, the country's per capita income is:O a) $11,111.Ob) $20,000.O c) $25,000.d) $100,000.

The question is based on the computation of per capita income, which is a measure of the average…

Answered: O a) $11,111. Ob) $20,000. O c)…

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Economics

O a) $11,111. Ob) $20,000. O c) $25,000. O d) $100,000.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If a country's GDP is $200 million, and its total population is 10,000, but only 8,000
of these people work, the country's per capita income is:
O a) $11,111.
Ob) $20,000.
O c) $25,000.
d) $100,000.

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