Question

What would the gdp per working person have been in 1997?

Answer 1

The GDP per working person would have been at 41,632 $. The calculation for GDP is

GDP per capita = R / C

Where R is the total  output

C is the country population

Explanation:

• The GDP per capita of a country is the method for measuring the total output of a country economically that is divided by the number of people living in the country .
• The GDP per capita provides the way people live in the country during a specified period which is taken after making adjustments for inflation.  
• During 1997 there was slow growth rate of labor compared to the other years, since only fifty percent of the people worked for their wages whereas  between 1873 and 1973 there were forty percent who worked for their wages.  

To know more about GDP per capita

Difference between per capita income and per capita gdp ?

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