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Isn't the one that is in Wikipedia? My son was confused too. And I helped him by going into www.google.com. And typed in search "gdp per capita formula" and gave me the next article. It's just the first part. So you can go and find what you're looking for. I don't know anything about this subject, but I hope it could help you. Nora. E.
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country's economy. GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year). It is also considered the sum of a value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time, and it is given a money value.
The most common approach to measuring and understanding GDP is the expenditure method:GDP = consumption + gross investment + government spending + (exports − imports), or,
GDP = C + I + G + (X-M).
"Gross" means depreciation of capital stock is not subtracted. If net investment (which is gross investment minus depreciation) is substituted for gross investment in the equation above, then the formula for net domestic product is obtained. Consumption and investment in this equation are expenditure on final goods and services. The exports-minus-imports part of the equation (often called net exports) adjusts this by subtracting the part of this expenditure not produced domestically (the imports), and adding back in domestic area (the exports).
Economists (since Keynes) have preferred to split the general consumption term into two parts; private consumption, and public sector (or government) spending. Two advantages of dividing total consumption this way in theoretical macroeconomics are:
- Private consumption is a central concern of welfare economics. The private investment and trade portions of the economy are ultimately directed (in mainstream economic models) to increases in long-term private consumption.
- If separated from endogenous private consumption, government consumption can be treated as exogenous,[citation needed] so that different government spending levels can be considered within a meaningful macroeconomic framework.
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GDP is the total market value of all final goods and services produced within a given period by factors and production located within a county. While GDP per capita is the total market value of all final goods and services produced divided the total number of people in the country.Therefore, GDP per capita is :GDP/populations.
What else can I help you with?
How can one calculate the GDP per capita growth rate?
To calculate the GDP per capita growth rate, you can use the formula: GDP per capita growth rate ((GDP per capita in current year - GDP per capita in previous year) / GDP per capita in previous year) x 100 This formula helps measure the percentage change in GDP per capita over a specific period, indicating the rate of economic growth on a per person basis.
What is the per capita GDP of Haiti?
The per capita GDP of Haiti is $1,317.
Per capita GDP will rise if GDP?
if GDP grows faster than the population of a country, the per capita GDP will rise
What are the relationships between oil wealth per capita and GDP per capita?
Usually the more oil wealth per capita the higher the GDP per capita is.
Is a high GDP per capita good?
Yes it is good to have a high GDP per capita.
How can one calculate the GDP per capita growth rate?
To calculate the GDP per capita growth rate, you can use the formula: GDP per capita growth rate ((GDP per capita in current year - GDP per capita in previous year) / GDP per capita in previous year) x 100 This formula helps measure the percentage change in GDP per capita over a specific period, indicating the rate of economic growth on a per person basis.
What is is the worlds richest country?
Here is a list of the richest countries Luxembourg (GDP per capita: $119,719) Norway (GDP per capita: $86,362) Switzerland (GDP per capita: $83,832) Ireland (GDP per capita: $81,477) Iceland (GDP per capita: $78,181) Qatar (GDP per capita: $65,062) The United States of America (GDP per capita: $64,906) Denmark (GDP per capita: $63,434) Singapore (GDP per capita: $62,690) Australia (GDP per capita: $58,824) so I know the USA is the richest country but this is the richest countries by GDP.
What is the per capita GDP of Haiti?
The per capita GDP of Haiti is $1,317.
What is Pakistan's per capita GDP?
Pakistan's GDP per capita is US$ 1,201.
What is the per capita of GDP?
In 2004, the GDP per capita in England was 26904 Euros
Per capita GDP will rise if GDP?
if GDP grows faster than the population of a country, the per capita GDP will rise
What are the relationships between oil wealth per capita and GDP per capita?
Usually the more oil wealth per capita the higher the GDP per capita is.
What is the GDP per capita of England?
In 2004, the GDP per capita in England was 26904 Euros
Is a high GDP per capita good?
Yes it is good to have a high GDP per capita.
What is the per capita GDP of Kenya?
The per capita GDP of Kenya was 1800 dollars in 2013.
Which Asian country has the highest GDP per capita?
Singapore has the highest GDP per capita in Asia
What is France's GDP per capita?
The GDP per capita of France in 2009 was $33,679. It is comparable to Finland and Germany.
