Real GDP in a Small Country Is Worth $8 Billion

question 76

Multiple Choice

Real GDP in a small country is worth $8 billion.The population of the country is 200,000.What is per capita Real GDP?

• A) $30,000
• B) $40,000
• C) $60,000
• D) $300,000

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Definitions:

Continuous Process

A production system where materials are processed and manufactured in a non-stop, consistent manner.

Yield Trends

The patterns or movements in the yield (return) of investments over time.

Units Produced

A measure of production output, quantifying the number of complete units manufactured within a specific period.

Commissions Paid

Expenses a company incurs from paying a fee to agents or salespersons based on the sales volume or contracts they secure.