Word problem/Application

Question

The Gross Product (GDP) is the total national output of goods and servicea valued at market prices within a country.  The GDP of country A was $16,420,000,000 in 2005. Answer parts a) and b) below.

a) Write the GDP using scientific notation.

 

16,420,000,000=

b) In 2005, Country A's population is 3.1•10⁶  On average, how many dollars of goods and services were produced by each individual? 

 

$

(Round to the nearest dollar as needed)

 

Answer 1

The Dollars in question is:  $16 Billion, 420 Million

The population in question is only:  3.1 Million

 

To get the per-person GDP, simply divide out the two number to get about 5.297 X 10³