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Global GDP (Gross Domestic Product) was $69.97 trillion in 2
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19 May 2018, 13:59
19 May 2018, 13:59
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64% (01:13) correct
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Global GDP (Gross Domestic Product) was $69.97 trillion in 2011. If the world population for 2011 was best estimated at 6,973,738,433, approximately what is the global GDP per person?
(A) $10
(B) $100
(C) $1,000
(D) $10,000
(E) $100,000
(A) $10
(B) $100
(C) $1,000
(D) $10,000
(E) $100,000
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Re: Global GDP (Gross Domestic Product) was $69.97 trillion in 2
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14 Jun 2018, 09:18
14 Jun 2018, 09:18
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sandy wrote:
Global GDP (Gross Domestic Product) was $69.97 trillion in 2011. If the world population for 2011 was best estimated at 6,973,738,433, approximately what is the global GDP per person?
(A) $10
(B) $100
(C) $1,000
(D) $10,000
(E) $100,000
(A) $10
(B) $100
(C) $1,000
(D) $10,000
(E) $100,000
We can approximate GDP as $70 trillion or 70 x 10^12 dollars. We can approximate the world population as 7 billion or 7 x 10^9. Thus the global GDP per capita is:
(70 x 10^12)/(7 x 10^9) = 10 x 10^3= $10,000
Answer: D
Re: Global GDP (Gross Domestic Product) was $69.97 trillion in 2
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12 Jun 2022, 01:48
12 Jun 2022, 01:48
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