In 2001 the value of GDP was $12.43 trillion, the population was 287.88 million, and the number of people employed was 145,685 measured in thousands. the value of RGDP per capita is $43,178.
Gross domestic product (GDP) is the total amount of final goods and services produced in an economy over a given time period, which is usually a year.
GDP calculated using the expenditure approach = Household consumption + Business investment + Government spending + Net exports
Net export = exports - imports.
GDP calculated using base year prices is referred to as real GDP.
Inflation has been factored into real GDP.
Real GDP per capita is a measure of a country's population's standard of living.
Real GDP per capita = GDP per capita / population
Now, substituting the values in the above formula we get,
Real GDP per capita = $12.43 trillion / 287.88 million
= $12,430,000,000,000 / 287,880,000
= 43,177.713
= $43,178
Hence, the value of GDP per capita is $43,178.
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