GDP and GDP per capita.

Mark all of the following that are true.

Group of answer choices

GDP shows how people live in a country

Real GDP is found by: Nominal GDP / price index * 100

GDP per capita is found by: Real GDP / population

GDP per capita show the overall power a country has in international relations

GDP is found by taking Nominal GDP / Population

GDP per capita shows the size of an economy

GDP is best used to show the power a country has in international issues

GDP per capita is best used to show how people live in a country

GDP per capita the amount of output per person in a country

GDP show the overall size of an economy

GDP per capita shows in general how the average person lives in a country

GDP per capita shows the total production in a country

Gross domestic product is a measure that includes all of the final products and services sold in a country in a specific time period, this time frame is often 1 year. So basically all of the money that the economy of a given country produced in a year.

This measure speaks about the overall size of the economy, real GDP is calculated by the formula Nominal GDP/deflator.

GDP per capita is calculated by diving the real gdp/total population, and it is used to calculate the average amount of money that a country produces per person, and it is often also thought of the general way in which a the average person lives in a country.