A tiny island country has a gross domestic product (GDP) of $25 million and a population of 500 citizens. What is its GDP per capita?(1 point)
$25 million
$2,000
$50,000
$125 million
To calculate the GDP per capita, we divide the GDP ($25 million) by the population (500 citizens):
GDP per capita = $25,000,000 / 500 = $50,000
Therefore, the GDP per capita is $50,000.