Suppose a country's real GDP is $14 trillion and the population is 200 million. Instructions: Enter your answers as a whole number. a. What is this country's real GDP per capita

700,000

Explanation:

Real GDP per capita is a measure of the standard of living of the population of a country.

Real GDP per capita = real gdp / population

$14 trillion / 200 million = 700,000

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

the best way to learn how to declare a major is to talk to a admissions office.