a countrys gdp is $174,000,000 with a population of 19,360. if the rate of inflation is 2.1%, what is the…

a countrys gdp is $174,000,000 with a population of 19,360. if the rate of inflation is 2.1%, what is the countrys per capita gdp?\nper capita gdp = $?\nreal gdp = gdp - (gdp · inflation rate)\nper capita gdp = \\frac{real gdp}{population}\nround to the nearest cent.

a countrys gdp is $174,000,000 with a population of 19,360. if the rate of inflation is 2.1%, what is the countrys per capita gdp?\nper capita gdp = $?\nreal gdp = gdp - (gdp · inflation rate)\nper capita gdp = \\frac{real gdp}{population}\nround to the nearest cent.

Answer

Explanation:

Step1: Calculate Real GDP

First, find the inflation amount: ( \text{GDP} \cdot \text{Inflation Rate} = 174000000 \cdot 0.021 ) ( 174000000 \times 0.021 = 3654000 ) Then, Real GDP = ( 174000000 - 3654000 = 170346000 )

Step2: Calculate Per Capita GDP

Use the formula ( \text{Per Capita GDP} = \frac{\text{Real GDP}}{\text{Population}} ) Substitute values: ( \frac{170346000}{19360} ) ( 170346000 \div 19360 \approx 8800.4132 ) Round to nearest cent: ( 8800.41 )

Answer:

( 8800.41 )