Ask Question
16 February, 09:14

Bensalem is a small country; it had only 10 people and the GDP of its economy was $10,000 in 2014. Amazingly, the GDP in Bensalem in 2015 increased to $20,000 while the population increased by 50 percent. As a result, GDP per capita in Bensalem in 2015:

+1
Answers (2)
  1. 16 February, 10:20
    0
    Bensalem's GDP per capita increased to $1,333, which is equivalent to a 33.3% increase.

    Explanation:

    Bensalem's GDP = $10,000

    Bensalem's population = 10

    Bendalem's GDP per capita = $10,000 / 10 = $1,000

    If Bensalem's GDP increases to $20,000 and its population increases to 15, then its GDP per capita = $20,000 / 15 = $1,333

    The increase represents a: [ ($1,333 - $1,000) / $1,000] x 100 = 33.3% increase =
  2. 16 February, 13:07
    0
    The GDP will increased by 33.33% in 2015

    Explanation:

    2014 GDP 10,000

    population 10

    GDP per capital 10,000 / 10 = 1,000

    Then, 2015 GDP 20,000

    population: 10 + 50% = 15

    GDP per capita : 20,000 / 15 = 1.333,33

    percentage increase of the GDP per capita:

    1,333.33 / 1,000 - 1 = 0.33333 = 33.33%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Bensalem is a small country; it had only 10 people and the GDP of its economy was $10,000 in 2014. Amazingly, the GDP in Bensalem in 2015 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers