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Global GDP (Gross Domestic Product) was $69.97 trillion in 2

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Global GDP (Gross Domestic Product) was $69.97 trillion in 2 [#permalink] New post 19 May 2018, 13:59
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Question Stats:

62% (01:23) correct 37% (00:26) wrong based on 8 sessions
Global GDP (Gross Domestic Product) was $69.97 trillion in 2011. If the world population for 2011 was best estimated at 6,973,738,433, approximately what is the global GDP per person?

(A) $10
(B) $100
(C) $1,000
(D) $10,000
(E) $100,000
[Reveal] Spoiler: OA

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Re: Global GDP (Gross Domestic Product) was $69.97 trillion in 2 [#permalink] New post 14 Jun 2018, 09:18
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sandy wrote:
Global GDP (Gross Domestic Product) was $69.97 trillion in 2011. If the world population for 2011 was best estimated at 6,973,738,433, approximately what is the global GDP per person?

(A) $10
(B) $100
(C) $1,000
(D) $10,000
(E) $100,000


We can approximate GDP as $70 trillion or 70 x 10^12 dollars. We can approximate the world population as 7 billion or 7 x 10^9. Thus the global GDP per capita is:

(70 x 10^12)/(7 x 10^9) = 10 x 10^3= $10,000

Answer: D
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Re: Global GDP (Gross Domestic Product) was $69.97 trillion in 2   [#permalink] 14 Jun 2018, 09:18
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Global GDP (Gross Domestic Product) was $69.97 trillion in 2

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