A tiny island country has a gross domestic product (GDP) of $25 million and a population of 500 citizens. What is its GDP per capita?(1 point)
1 $2,000
2 $25 million
3 $125 million
4 $50,000
The correct answer is 4) $50,000.
To calculate GDP per capita, you divide the GDP by the population.
$25 million / 500 citizens = $50,000 per capita