Given that the Maldives had a GDP of $435 million in 2012 and the GDP per capita was $1,576.09, what was the approximate population of the country at that time?

Multiple choice question for The Meaning and Measurement of Economic Development. Select an option, then review the explanation below.

Explanation

To find the population, divide the total GDP by the GDP per capita: 435,000,000 ÷ 1,576.09 ≈ 276,000. Therefore, the population is approximately 276,000.

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Given that the Maldives had a GDP of $435 million in 2012 and the GDP per capita was $1,576.09, what was the approximate population of the country at that time?

Explanation

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