Which of the following is the formula for calculating the real GDP per capita? a. Total national income/net exports b. Total national expenditure /total income c. Total population in a country/total real GDP d. Total real GDP/total population in a country

Which of the following is the formula for calculating the real GDP per capita? a. Total national income/net exports b. Total national expenditure /total income c. Total population in a country/total real GDP d. Total real GDP/total population in a country

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter20: Growth And Less Developed Countries

Section: Chapter Questions

Problem 2SQ

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Question

35.

Which of the following is the formula for calculating the real GDP per capita?

a.
Total national income/net exports

b.
Total national expenditure /total income

c.
Total population in a country/total real GDP

d.
Total real GDP/total population in a country

Definition Definition Monetary value of all goods and services produced in an economy during a financial year. National income also refers to the total income earned by the factors of production during a financial year.

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