If the GDP per capita for Country T is $45,020 and the population is 153 people, what is the real GDP for Country T?

What is per capita GDP?

Per capita GDP is a country's GDP divided by population.Group of answer choicesTrueFalse

(Nominal GDP/Real GDP) x 100 =

Suppose in a given year, a country produces only two goods: 100 units of bread and 50 units of cheese. Bread sells for $2 per unit and cheese sells for $5 per unit. What is the country's GDP for the year?

Real GDP and Population over TimeYear Real GDP (millions of dollars) Population (thousands of people) Real GDP per Capita (dollars)1 $5,847 224 $26,1032 6,666 228 29,2373 7,541 237 31,819 Instructions: Round your answers to one decimal place. a. Using the information in the table, calculate the growth rates in real GDP, population, and the standard of living (real GDP per capita) between year 1 and year 2.      Real GDP: %      Population: %      Standard of living: % b. Now, using the information in the table, calculate the growth rates in real GDP, population, and the standard of living between year 2 and year 3.      Real GDP: %      Population: %      Standard of living: % c. The standard of living in the economy of Highlands between year 1 and year 2 grew the standard of living between year 2 and year 3.