Given that Barbados had a GDP of $260 million in 2011 with a population of 260,000, what is the GDP per capita?

Choose the correct answer

Explanation

To find GDP per capita, divide the total GDP by the population: $260,000,000 ÷ 260,000 = $1,000 per person.

Given that Barbados had a GDP of $260 million in 201… — The Meaning and Measurement of Economic Development | PakQuizHub