**Economic Exercise: Calculating Per Capita GDP**The GDP in China is $12.2 trillion. The rate of inflation is 2.5%. If the population of China is 1,421,021,000, find the per capita GDP in this country.**Task:** Calculate the per capita GDP.**Per Capita GDP = $ [ ? ]***Round to the nearest hundredth.***Instructions:**1. Divide the total GDP by the population to calculate the per capita GDP.2. Round your answer to the nearest hundredth.**Interactive Element:**- Enter your calculated per capita GDP in the provided space.- Click "Enter" to verify your answer.*Copyright © 2003 - 2022 International Academy of Science. All Rights Reserved.*

Gross Domestic Product is the summation of the market value of all the final goods and services are…

Answered: The GDP in China is $12.2 trillion. The…

The GDP in China is $12.2 trillion. The rate of inflation is 2.5%. If the population of China is 1,421,021,000, find the per capita GDP in this country.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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