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How is per capita GDP obtained?

Answer and explanation

Correct answer: By dividing GDP by population

Per capita GDP is an average measure calculated by dividing total GDP by the population: Per capita GDP = GDP ÷ Population. It estimates the average amount of output or income associated with each person, although it does not show how that income is distributed. Therefore option B is correct. Multiplying GDP by population produces no standard per-person measure, and exports or imports are irrelevant to this basic calculation.

Related tags

Per Capita GdpPopulationAverage IncomeGdp CalculationGdp And WelfareNational Income And Related AggregatesEconomicsClass 11 Mcq

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