CLASS networks Math Practice for Economics Computing Per Capita Gross Domestic Product (GDP) introduction Gross Domestic Product per capita is afteri used as a rough measure of a nation's prosperity Source estimates vary but the United States and other developed countries have GDP per capita that ranges between $12.000 and $27.000 annually. GDP per capita in developing nations is considerably less, and in the world's poorest nations it is extremely low. Directions: Try computing the GDP per capita for selected countries, The table below provides the data you need. You also need to know a few things before getting started. The abbreviation S stands for billion, and the abbreviation 7 indicates trillion. To simplify the math, round the population to the nearest million and rewrite GDP in millions, as is shown in the first two rows, Then. to fill out the GDP Per Capita column, plug the data from the Population (in millions) column and the GDP (in millions) column into the equation below and round your answers to the nearest dollar You may use a calculator if needed. GDP Per Capita = GDP - Population Population GDP Population GDP Country GDP (in millions) (ppp) (in millions) Per Capita Afghanistan 32,564,000 32.5 $62.32 B $62,320 $1,917 Cambodia 15,709,000 15.7 $54.21 B $54,210 21 13:394 China 1,367,485,000 1. 1: 37 $19.51 T 11. 22. 14, 24/ D Ecuador 15,868,000 2. 15.87 $183.4 B 12. 23. 11635 France 66.554,000 3. 4 6- 55 $2.65 T 13 24.39,799 Gabon 1,705,000 4. 1-71 $34.58 B 14. 25. 20282 India 1,251,696,000 5. 1: 25 $7.96 T 15 26. 41356 Japan 126.920,000 6. 1240. 92 $4.83 T 16. 27.38,048 Madagascar 23,813,000 7.23.81 $35.44 B 17. 28. 1:488 Portugal 10,825,000 8. 10-83 $289.8 B 18 29. 26,7560 audi Arabia 27,752,000 9. 27. 75 $1.68 T 19 30. 10, 581 nited States 321,369,000 10321- 37 $17.97 T 20 31. 55, 35