Tuvalu consists of 9 coral atolls spread over a 360-mile chain in Polynesia and became independent in 1978. With a population of 9,700 and a Gross National Product (GNP) of $300 million in 2005, what is the GNP per capita of Tuvalu?
Explanation
To find the GNP per capita, divide the total GNP by the population. Here, it is $300 million divided by 9,700 people, which gives the average income per person.