Question

The GDP of Washington in 2021 was $492.63 billion. The population in Washington in 2021 was 7.767 million. What was the GDP per capita in 2021? Give your answer to the nearest hundredth.

Answer 1

GDP per capita = GDP / Population

Given:
GDP = $492.63 billion
Population = 7.767 million

First, we need to convert the population from million to units:

Population = 7.767 million = 7,767,000

Now, we can calculate the GDP per capita:

GDP per capita = $492.63 billion / 7,767,000

GDP per capita ≈ $63,430.50

So, the GDP per capita in Washington in 2021 was approximately $63,430.50.