GDP per capital is:
GDP per capital is:
- A) GDP/labour force
- B) GDP/population
- C) GDP/ unemployed
- D) GDP/working population
Correct Answer: D) GDP/working population
Explanation
The question is asking about GDP per capita, which is a measure of the average economic output per person in a country. The options provide different ways to calculate GDP per capita.
Option A suggests that GDP per capita is calculated by dividing GDP by the labour force. However, this is incorrect because the labour force only accounts for those who are employed or seeking employment, and does not include those who are not in the labour force, such as students, retirees, and homemakers.
Option B is the correct answer. GDP per capita is calculated by dividing the total GDP of a country by the total population. This provides a more accurate measure of the economic output per person in a country.
Option C suggests that GDP per capita is calculated by dividing GDP by the unemployed population. This is incorrect because the unemployed population only accounts for a portion of the total population, and does not include those who are employed or not seeking employment.
Option D is also incorrect. Although it is similar to Option A, it suggests that GDP per capita is calculated by dividing GDP by the working population, which still does not account for those who are not in the labour force.
In summary, Option B is the correct answer for calculating GDP per capita, and it is calculated by dividing GDP by the total population of a country.