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) Responses $25 million $25 million $125 million $125 million $2,000 $2,000 $50,000 $50,000
The GDP per capita is calculated by dividing the gross domestic product (GDP) by the population.
$25 million / 500 citizens = $50,000
Therefore, the correct answer is $50,000.
Which of the following best explains the role of a city under central place theory?(1 point) Responses A city exists above a threshold and under a range of economic production as it provides for its surrounding market area. A city exists above a threshold and under a range of economic production as it provides for its surrounding market area. A city marks the minimum provision needed for a central place to be economically reasonable in a given area. A city marks the minimum provision needed for a central place to be economically reasonable in a given area. A city serves a function beyond its immediate area by performing services integral to the world economy. A city serves a function beyond its immediate area by performing services integral to the world economy. A city provides for a specific ranking of different central places depending on their size.
The correct answer is: A city exists above a threshold and under a range of economic production as it provides for its surrounding market area.
Which is the most important factor for the United Arab Emirates’ status as the world’s fifth leading exporter of crude oil?(1 point) Responses its access to raw materials its access to raw materials having a strong financial district having a strong financial district the development of its technology industry the development of its technology industry the development of its tourism industry
The correct answer is: its access to raw materials.
