Question

According to the World Bank, E.U. remittances to Senegal were $ 1,005,728,139 in 2015. Senegal's gross domestic product (GDP) was $ 13,779,570,750 in 2015. What percentage of Senegal's 2015 GDP is represented by the remittances? Round your answer to one place after the decimal.

Answer 1

Answer:

7.3%

Explanation:

To determine the percentage of Senegal's 2015 GDP that is represented by the remittances you have to divide the remittances by Senegal's GDP:

Remittances: $ 1,005,728,139

GDP: $ 13,779,570,750

$ 1,005,728,139/$ 13,779,570,750= 0.073*100= 7.3%

The percentage of Senegal's 2015 GDP that is represented by the remittances is 7.3%.