the country of bolivia had a gross domestic product of $79 billion in 2016 and a population of 11 million people, the gdp per capita would be select one: a. $7.2. b. $7,182. c. about $14,000. d. $7,900.

Respuesta :

$ 7182 is the GDP per capita for the country of Bolivia.

Option B is correct.

GDP:-   It  is  the total value  of   all  final  goods  and  services  produced  in  country   physical boundary  in  a  given  year  is  called GDP  of  that  country .

GDP  per  capita :-

It  can  be referred to   as  a metric  that  breaks  down  a country's  economic  output per  person .

It  is  formulated  as ,

GDP of nation  ÷ Total Population of that nation

Given Data:

GDP of Bolivia     =  $79 billion

Total Population of Bolivia   =   11 million

Therefore , according to  formula,

     $ 79 b ÷ 11 m

       = $ 7182

The GDP per capita would be $7182.

Why is GDP important?

One of the most crucial  is gross domestic product, better known by its initials, GDP. This economic indicator directs  the monetary value of goods and services (like  health care, education, etc.) produced in the country over a  period of time.

Learn more about GDP:

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