Question

Gdp per capita is a measure of prosperity because it divides the total gdp example

Answer 1

GDP is the Gross Domestic Product, which is the total income of a country. GDP per capita is the average income of per person in a country. GDP per capita is derived by dividing a country's total GDP with the total population of the country.

For Example, if the GDP of a country is Rs. 50,00,000 and the population is 1,00,000, GDP per capita will be derived by dividing 50,00,000 by 1,00,000. The result of which is Rs. 50, which is the average per capita GDP.

GDP per capita shows development and standard of living of a country. It also allows a comparison between the two nations in terms of development.

Answer 2

Answer:

gdp = income /population

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