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AP®︎/College Macroeconomics

Course: AP®︎/College Macroeconomics > Unit 2

Lesson 2: Limitations of GDP

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Limitations of GDP

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Madinsonia has a real gross domestic production (GDP) per capita of

$ 10,000

.

Which of the following statements can we infer from this information?

(Choice A)
Every person has an income of at least $$ 10,000$ ‍
(Choice B)
Every person has an income of exactly $$ 10,000$ ‍
(Choice C)
Every person has an income of less than $$ 10,000$ ‍
(Choice D)
The average income of a person is $$ 10,000$ ‍, but this might not be the typical person's income
(Choice E)
Without knowing the size of the population, we cannot say what a typical person earns